Indeed. And interestingly it was one they were - probably still are - keen to exit. But with no reasonable sale opportunity, they just oversee that it is run very well.
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Indeed. And interestingly it was one they were - probably still are - keen to exit. But with no reasonable sale opportunity, they just oversee that it is run very well.
IFT. Absolute ballers. I always hate seeing the size of the management fee, but man do they continue to justify it with extraordinary returns.
Net asset value per share $14.35
Feels a bit like the numbers provided by the likes of Blackstone and Brookfield, but I’ll take it!!
We might see 5 days worth of downward pressure for the management fee will be taken up in shares worth $50 million at 98% of the average share value over the next 5 days. The lower it is the more shares they receive and the better it is for them longterm. Either way I have never felt a management fee is the issue.
$10.80c?
why the negative reaction?
I don't know and really, seriously, I don't care. The report is solid. I like the stuff they are invested in. They seem to be able to deliver, over and over again.
I'm just going to sit back and enjoy the ride.
A wee drop in the share price is only of concern if you intend to sell. I don't. And if it dropped a lot more, and no other negatives, I'd buy more.
Management were just asked on the conference call regarding funding options, they strongly indicated that they have plenty of scope for funding through debt and regular asset sales in the renewables segment that cap raises won’t be needed. (A lot of the renewables segment capex planned is for projects that are usually sold to third parties before the project capex is actually required)
I just loved the graphic on the AL cover page. Shows the financial history of the company since inception. NICE! :t_up:
One of my favourite lines is
'Wellington City Council will vote in June 2024 on whether to proceed with potential divestment of its shareholding'... And the cheeky line 'we will continue to watch with interest'.
IFT exceeded expectations. So what hope has Mft got in reality. Any negative news will see the sp react accordingly. FPH are like IFT, they will deliver on the upside.
"Starlink gets cellular video calls off the ground, albeit at low quality"
[/FONT][/COLOR][/SIZE]https://www.interest.co.nz/technology/127880/starlink-gets-cellular-video-calls-ground-albeit-low-quality
https://x.com/SpaceX/status/17929818...it-low-quality
Tory Whanau has established a Wellington Council Business Group. Includes the likes of Brooke Roberts (Sharesies) and Mark McGuinness(Willis Bond).
So Tory looks like she will be heading into the Airport Sale meeting next month armed with answers to where the funds could be invested etc.
Positive steps.