IFT - Infratil

[Bjauck]

They are looking at Pacific Hydro in Australia which given it is worth over a Billion, would probably need to be another JV (with the Superfund?).

That's interesting. They are raising another bond issue which will bring them up to $150m (although there is a bond that matures in November). That plus the ZEL sale will give them $500m+ - perhaps enough for a half share of Pacific Hydro...

[Arbroath]

That's interesting. They are raising another bond issue which will bring them up to $150m (although there is a bond that matures in November). That plus the ZEL sale will give them $500m+ - perhaps enough for a half share of Pacific Hydro...

Don't forget the IFT balance sheet is still under geared after the sale of Infratil Energy Australia last year. They could do a $1bln acquisition on their own but agree a JV more likely...

[QOH]

That's interesting. They are raising another bond issue which will bring them up to $150m (although there is a bond that matures in November). That plus the ZEL sale will give them $500m+ - perhaps enough for a half share of Pacific Hydro...

Just tried to get an allocation, and my broker won't even send me a hard copy of the application form, my printer is broken so I can't print and scan it.
I usually find them helpful.

[bull....]

Don't forget the IFT balance sheet is still under geared after the sale of Infratil Energy Australia last year. They could do a $1bln acquisition on their own but agree a JV more likely...

that's the other thing they said at the presentation when they said might sell z that there balance sheet could easily handle a 1 billion purchase and they had a number of things they were looking at

[kiora]

And the share price drops,go figure

[kiora]

They are looking at Pacific Hydro in Australia which given it is worth over a Billion, would probably need to be another JV (with the Superfund?).

Looks like it
http://www.nbr.co.nz/article/infrati...hydro-b-179495

[Bjauck]

And the share price drops,go figure

ZEL had been a nice little earner. I guess that there is now risk that whatever they do with the proceeds from ZEL and the bond issue will not earn as much.

[peat]

ZEL had been a nice little earner. I guess that there is now risk that whatever they do with the proceeds from ZEL and the bond issue will not earn as much.

and that is where you have to keep the faith.
These guys are good dealmakers... the evidence is overwhelming.

[Bjauck]

and that is where you have to keep the faith.
These guys are good dealmakers... the evidence is overwhelming.

Indeed, I have had IFT for a long time and have had a good return over the years. However not all their investments have performed as they would have liked - ergo there is always risk when undertaking a new investment especially if it is a switch from an (historcally) high performing investment. In addition, I think IFT may have sold ZEL preemptively to lock in their profits from ZEL before a period of uncertainty for that company with the ComCom roulette wheel.

[kiora]

Which new deal ? With plenty of fire power there are opportunities.We can be sure they know either space well.It made 5? times its original investment with Z.With an estimate of a $1b new investment all the best for another good run
http://www.nbr.co.nz/article/market-...drops-b-179609
http://www.nzherald.co.nz/sharemarke...522346&ref=rss