IFT - Infratil

[artemis]

I'd much prefer IFT to continue to invest in the retirement & tech infrastructure sectors - the runway would provide next to nothing ROI for IFT.

To attract long-haul flights (e.g. a non-stop Singapore to Wellington service) the airport waives most of the landing and parking fees for the airline for the first few years. So where's the direct financial benefit to the airport? I think it would be a very long term before we see any direct financial benefit, and that's a assuming the airport does get and retain a long-haul carrier.

At the recent roadshow IFT made the point that there is no guarantee that any airport will gain or continue to retain any carrier. They can withdraw 'tomorrow', either routes or completely. It is a risky business. IFT have a good rep for delivering returns year after year, they don't have a large portfolio and seem very focused. I am sure they have thought this through, and will not go ahead if funding to make it viable is not available. Anyway, the project will be going through the resource consent process and all parties will presumably have their say.

[kiora]

As a Wellington rate payer I hope so as well

More importantly it will destroy the iconic surfing at Lyall Bay

Definitely more important.B###@r the runway then

[Harvey Specter]

To attract long-haul flights (e.g. a non-stop Singapore to Wellington service) the airport waives most of the landing and parking fees for the airline for the first few years. So where's the direct financial benefit to the airport? I think it would be a very long term before we see any direct financial benefit, and that's assuming the airport does get and retain a long-haul carrier.

Thats why they want the council to pay since the only monetization is through increased tourism.

[kiora]

Duncan Saville has resigned.I wonder if he has sold all his shareholding yet?Must be getting close to removing the overhang
http://stocknessmonster.com/news-ite...S=IFT&N=287469

[macduffy]

IFT has announced that it has received FIRB approval to acquiring a 48% interest in the Canberra Data Centres.

[Jantar]

IFT has announced that it has received FIRB approval to acquiring a 48% interest in the Canberra Data Centres.

Yet the market doesn't seem too impressed. Price is dropping slowly, rather than showing support, although I do believe that this purchase has already been built into the SP.

[Carpenterjoe]

Yet the market doesn't seem too impressed. Price is dropping slowly, rather than showing support, although I do believe that this purchase has already been built into the SP.

Price sounds very expensive 400m ift, 400m commonwealth. That amount would almost buy Nextdc, whom in two years will have eight data centres. But its a boom industry and guaranteed government clients. The direction is perfect and good luck to all holders.

[Hectorplains]

Infratil commits to development of renewables in the U.S. 5 October 2016 Infratil Limited today announced an initial investment in Longroad Energy Holdings, LLC (“Longroad”), a recently formed renewable energy development and operating vehicle headquartered in Boston, Massachusetts. Infratil committed to invest in this renewable opportunity in conjunction with the NZ Superannuation Fund. Infratil and the NZ Superannuation Fund will own the business in partnership with the management team of Longroad. Longroad’s focus is primarily in the development of utility-scale wind and solar generation throughout North America. The potential investment targeted for development expenditure is up to USD$100m. Over time, Longroad will provide an option for further investment in stable, low risk operating assets. Longroad was founded in 2016, and is the reformulated team of First Wind, one of the most successful independent renewable energy development teams in the U.S. over the past decade. The team is led by Paul Gaynor, Michael Alvarez, Pete Keel, and Charles Spiliotis, all former First Wind executives. “The Longroad opportunity emerged from an origination effort focused on North American renewable energy developers,” said Marko Bogoievski, CEO of Infratil. “We sought an experienced and proven management team with the ability to operate a large scale development platform. Following an extensive review of potential opportunities, Longroad emerged as the best candidate to realise our ambitions in the market.” The management team at Longroad has operated across a number of different states, regulatory environments and transmission networks in the U.S. They have a demonstrable track record of developing, financing, constructing and operating utility scale renewable generating facilities, having completed development and financing for projects with a total capacity over 4 GW. The US provides a unique opportunity to enter one of the largest and fastest growing renewable markets in the world, in a sector Infratil has significant experience and comfort investing in. Infratil’s partnership with the former management team of First Wind combines local knowledge with the capital of Infratil and the NZ Superannuation Fund. Matt Whineray, CIO for the NZ Superannuation Fund, said “We are attracted to the risk adjusted returns that are available in global renewables, and the investment in Longroad, with the capability that the team offers, will help us access this sector and the shifting trend to clean energy in the United States.” The Longroad investment will be managed by investment management firm H.R.L. Morrison & Co on behalf of Infratil and the NZ Superannuation Fund.

[Bjauck]

It looks like the renewables investment did not trigger a renewed boost to the sp...

Its more of a strategic long term investment perhaps.

[kiora]

It looks like the renewables investment did not trigger a renewed boost to the sp...

Its more of a strategic long term investment perhaps.

Yes very interesting. DJI utilities down over 2% as well,$NZ/US down,some big dudes pulling funds?Maybe didn't like delay in Trustpower demerger. Who knows?