Originally Posted by
value_investor
Interesting results announcement today, at first glance it looks quite stellar but when you dig deeper you realise there is a alot more to be desired.
Trustpower is the real gem at the moment, pulling the horse forward but as they have said before, a lot of the other investments are more long term plays than short term. I think the long term plays may be more long term than they have led on, and I am completely fine with it for now for the price I got in at.
Still think the SP is very overvalued to top myself up, the risk factor is still quite large with some of these industries not hitting full maturity yet, these are tough as their isn't a lot of past experience to gauge future performance abilities (tilt especially but CDC as well). However, there is a lot of capital still to be allocated, over 670m of cash and bank facilities to exhaust. At this price, you really have to trust the capital allocation abilities of the company.