Some company’s management should be recognized as profit centers unlike other companies’ management. I prefer to invest in companies whose management do as they say they are going to do. Management that considers all stake holders even handily. Trust is earned and added to by having well thought out succession plans.
The fact that M & Co skim off 10 % leaving the investors 90% of the gains is an argument heard ad infinitum from investors/advisors who can’t seem to better their performance. They do have their own costs to run their business and provide the service to IFT.
This “fee” is drawn over 3 years and often reinvested into purchasing IFT shares. The recent purchases were at $9.15.
https://stocknessmonster.com/announc...ft.nzx-399247/
Was this a good investment for them? The fair value for IFT was $12.58 @30 Sept ,2022.I suspect so as I can’t recall IFT being so undervalued relative to fair value
https://www.sharetrader.co.nz/attach...1&d=1668553845
WB was once heard to say a good way to get good long term investment returns is to invest in low risk infrastructure assets then leverage the investment up.
Strategies to maximize returns since the IPO from IFT include selling head shares & reinvesting proceeds in the warrants then using a mortgage to exercise the warrants.
And continuing to add to the portfolio winners and sell the other portfolio losers.
That way an investor can better an original investor who participated in Infratil’s initial public offering who could have acquired 1,000 shares for $1,000
That person would now have shares worth nearly $130,790 on 30 September 2022 - 15,462 shares (at $8.65 each).