They couldn’t treat long-standing shareholders differently from short-standing ones.
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These guys from Forbar usually pretty conservative but …..
Aaron Ibbotson and Benjamin Crozier released a note outlining why the infrastructure investment firm’s rating was increased from neutral to outperform and putting its 12-month target price at $11.90.
From BusinessDesk
And I truly believe them on this one. I am seeing this hit $12.50 by end of next year if not earlier. Driven by their future earnings and what people are prepared to pay for if they want a piece of the government (“tax payer”) funded green energy pie. If you can pay $500 million for a 12% stake in Longroad now. Imagine what that is worth next year then the year after and so forth.
Would you look at that. Another ATH not the last.
Not too sure if they will get rid of one in a hurry. They might do and when they do it will bring in the money. 8-10 billion float for one nz. The majority of their portfolio is also jacked, but I am more excited about their green portfolios and CDC. I feel CDC and one might help each other immensely
On a different note and more to do with people’s memories. I have discovered loads of people do have short memories. I still hear people currently blaming the current government for the housing problems, when in actual fact the last 20 odd years governments were to blame. All people want to hear is how they will “fix it”. There are other examples I can mention from personal experience, but hey those are my choices to learn from. I’m still learning and evolving, but from my experiences the majority of people don’t.
Just came across this rather frank recent interview with CEO Jason Boyes
https://podcasts.apple.com/nz/podcas...=1000617877491
He is rather forthcoming with likely timeframes: One.NZ will likely be a few years before floating, Retire Australia is definitely not a core asset and it’s not long for this world as part of Infratil portfolio, expect another review once environment has improved.