another deal, a little less uncertainty
http://www.sharechat.co.nz/article/4...wind-farm.html
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another deal, a little less uncertainty
http://www.sharechat.co.nz/article/4...wind-farm.html
Acceptances finally gathering a bit of steam. pleasing to see (as an infratil holder)
I don't believe they will, TLT have done a good job at presenting their worth... Recent upgraded guidance looks good to holders too.
I bought a whole bunch at 228 yesterday to accept the offer at 230... Entirely free of risk, even at 0.5% return after brokerage, it's free money nonetheless.
If you follow what is happening in AU electricity you would get out of TLT
I'm interested as to your reasoning here. Is it the climate denialism of the liberals? Or the fall off in projects as the renewable energy target winds up in 2020, and the lag between new policy, investor confidence and project rollout? Australia can't keep it's head in the coal forever, but I guess "recovery" could be a long time coming.
With the TLT shares, I'm most concerned about dilution and the need to inject more for capital raising, which is a point I don't think the independent directors have addressed. The latest offer extension runs out tonight.
The govt is threatening major interference if prices do not come down.The cost of new rewnewable generation is very low with cheap financing and I do not think TLT will be able to match the prices. On top of that a number of major industries are contracting direct with new generators and many domestic customers are going off grid. Solar panels are being installed very quickly and cheaply. The same will happen here but at a slower pace.I am glad I got out of TLT.