lol yes I wondered the same thing. Okay, CDC is an Australian business, so use the AU Gov 10 year bond as RFR proxy...and that is still 4.56%. How they get away with using 3.75% RFR is beyond me.
Printable View
Possibly using methodology / rates NZ Treasury use or some other sillybway
Rather pricey?
https://finance.yahoo.com/news/gip-c...122742238.html
In Milford’s latest missive to KiwiSaver members, Sam Trethewey writes glowingly about LongRoad Energy and how they benefit from the clean energy credits in Biden’s Inflation Reduction Act. He recently visited LongRoad in the Arizona Desert. Infratil is one of Milford’s preferred stocks.
WCC floating idea of selling their Wellington airport holding
Would IFT take it off their hands (cheap) or just live with another partner?
Wellington has voted Green. So it's oniy a matter of time before they don't want an Airport on their books.
This will play nicely into IFTs hands.
Very nice of the council to consider selling its airport stake at the almost worst possible time (for them) in terms of a likely valuation achieved.
Further confirmation
"To date, LoadRoad has developed 3.8 GW of solar and wind projects. Management has set an annual development target of 1.5 GW, and in total intends to deliver 10 GW by 2027. If achieved, it will see LongRoad’s earnings triple and, due to the IRA, will require limited new equity funding"
"The Repsol renewable projects up for sale have a total capacity of about 600 megawatts and the transaction values them around 700 million euros ($747.18 million), sources said"
https://finance.yahoo.com/news/zara-...083951766.html
Wellington city council today voted to proceed with investigating a plan to sell its stake in Wellington airport.
I have a feeling IFT will get a good deal here, and whatever long term plans they have for it, whether retaining it as a long term asset or selling it, that will be a lot easier to do with 100% ownership.
They are business savy, but they also want the best for everyone. They may pay a premium to get those shares to have more control. Who
knows, airport may drip feed it to an investor.
PS shortly we may get to see a new high. I am sure people are regretting not holding this share over their dropping portfolios.