Seems that buying support is gone ...so today SP drifting down !
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Seems that buying support is gone ...so today SP drifting down !
FY results coming up on budget day, 19/5.
"The networks are said to be worth more than $1 billion apiece and are expected to attract strong interest, in line with the trend overseas which has seen high prices paid for similar assets."
https://www.rnz.co.nz/news/business/...ay+12+May+2022
Succession plan well imbedded
https://stocknessmonster.com/announc...ft.nzx-392276/
Infratil Full Year Results for the year ended 31 March 2022 - NZX, New Zealand’s Exchange
Infratil produces record result, highlights significant investment into high conviction sector platforms
Infratil Limited today announced a record net parent surplus of $1.17 billion for the year ended 31 March 2022 - the largest annual profit since Infratil’s establishment.
Proportionate EBITDAF of $513.9 million (before changes in the accounting treatment of SaaS expenses) was delivered above the mid-point of guidance which was $500 million to $520 million.
Proportionate EBITDAF including the SaaS adjustment was $474.9 million, up 27.9% percent on the previous year’s $371.2 million. The increase predominately reflects strong earnings growth from Vodafone and an increased earnings contribution from Infratil’s new healthcare platform.
Great results and decent guidance in this difficult markets ...Its surely a big positive :t_up:
I can never understand why some investors shun Infratil because of "high management fees". A consistantly excellent performer with great management that is rewarded appropriately.
I have been a long term investor. It is interesting to see that their after tax return has averaged at 21.6% in the last 10 years - above their post listing return of 18.7%. I remember several decades ago, reading that their goal was 18% shareholder return pa. Good job. I don't mind paying commission/manager fees for a good job done.