IFT - Infratil

[kiora]

https://www.marketscreener.com/quote...2600/finances/

Is Spark a dividend trap?

Earnings are forecast to grow at 3.5%?
Net margin forecast to be flat?

EBITAI forecast lowered 2025,2026 ?

[kiora]

X roads & troubled? No
Dynamic? yes

When IFT have been growing organically for 30 years.They do their research,they take out long term contracts,they use the margin between long term contracts and funding to increase the returns for shareholders
( including Sovereign Wealth Funds)

Hmm doubt that its troubled water myself.Infratil Investor Presentation.pdf

[kiora]

Is Spark & CDC data centers competing against each other?
I somehow doubt it

[Snoopy]

https://www.marketscreener.com/quote...2600/finances/

Is Spark a dividend trap?

Earnings are forecast to grow at 3.5%?
Net margin forecast to be flat?

EBITAI forecast lowered 2025,2026 ?

Answer transferred to the SPK thread
https://www.sharetrader.co.nz/showth...=1#post1058907

SNOOPY

[Snoopy]

Is Spark & CDC data centers competing against each other?
I somehow doubt it

CDC have most of their datacentre investments in Australia, which are off the radar for Spark. But in Auckland CDC and Spark are looking like they are building very similar capacity data centre portfolios. Why wouldn't CDC and Spark be touting for the same customers in Auckland?

SNOOPY

[kiora]

CDC have most of their datacentre investments in Australia, which are off the radar for Spark. But in Auckland CDC and Spark are looking like they are building very similar capacity data centre portfolios. Why wouldn't CDC and Spark be touting for the same customers in Auckland?

SNOOPY

See attachment on #3702 for the opportunities

Spark is capital restricted.
Infratil has /will have $1.8b new capital to deploy over their portfolio

[Snoopy]

See attachment on #3702 for the opportunities

Spark is capital restricted.
Infratil has /will have $1.8b new capital to deploy over their portfolio

While it is obvious that Infratil has a lot more capital available to splash on new projects than Spark, I push back against your claim that Spark is 'capital restricted'. From the Spark May 2024 profit downgrade:

"There is no change to FY24 capital expenditure and dividend guidance."

That doesn't sound like a company that is 'capital restricted' to me. And if Spark were really capital restricted, why have they spent so much on share buybacks during the year?

SNOOPY