"For now, AusUnity, Lendlease and the other bidders are waiting on RetireAustralia’s board, owners and bankers to shortlist parties for the auction’s second and final stage."
Printable View
"For now, AusUnity, Lendlease and the other bidders are waiting on RetireAustralia’s board, owners and bankers to shortlist parties for the auction’s second and final stage."
Happy with this.
https://www.nzx.com/announcements/402348
I notice that lots of their "fair value" (actually 36%) is in Data centres. Fair enough - they are fashionable, but maybe this is as well a high risk strategy? What happens to them if some of the global undesirables decide to take a data centre out?
I notice as well that a material part of their income (though just 10% this HY) comes again from "independent re-valuations". Not supposing anything untoward, but I guess the proof of a re-valuation is in the pudding (not in the book).
Solid investment fund and congratulations to long time holders. Still - I see them as pretty much fully valued.
All good but when will we see $9.54 again?
What makes you think we do? Is this based on the amazing dividend yield (north of 2%), the outstanding underlying earnings (long term less than 1% - I guess they make their money with revaluation gains and opportunistic sells) or the return of the hype factor?
I guess nobody can predict where hype is driving a stock but really - anybody going for a rapid capital gain would not go for a stock which is at best fairly valued and its growth phase already in the past, would they?
This part is amazing:
Quote:
Following completion of the tower sale, Infratil will have received almost $1 billion in cash distributions in the just over three years since acquiring Vodafone for $1.03 billion, while still retaining a 49.9% shareholding in the Vodafone business.