IFT - Infratil

Toddy · May 30, 2024, 08:36 PM

Wellington City Council has voted 'yes' to selling its entire stake in Wellington Airport. The shares are worth $278 million.

Hopefully we should see some price action tomorrow.

Mos · May 30, 2024, 09:25 PM

Quote from: Toddy on May 30, 2024, 08:36 PMWellington City Council has voted 'yes' to selling its entire stake in Wellington Airport. The shares are worth $278 million.

Hopefully we should see some price action tomorrow.

Seems like pretty small beer in the overall Infratil portfolio?

Toddy · May 31, 2024, 09:10 AM

If IFT can gain full ownership then it opens the door for a possible sharemarket listing, or full sale that should attract a premium.

The Council was always a hand break on any Airport Development. The Wellington City Council is broke with liabilities all the show, like $1.8b estimate to fix leaky pipes.

Mos · May 31, 2024, 10:35 AM

True. Outright sale possibility could deliver a premium as you say, and the opportunity to recycle cash into higher returning asset.

Waltzing · May 31, 2024, 10:47 AM

can anyone on the wellington council count that far?

they will wait for a govt bail out.. then if that does not happen wait for the mayor to get drunk and drive her 4 wheel into parked car late one night...

does she own a car? dont drive and be a politician ... far to dangerous..

NZX might take a pounding as overseas investment flees...

you can see it in stocks SP going no where... but not this one ...

Left Field · May 31, 2024, 10:56 AM

IFT is 'well positioned' on the WCC decision to sell their share in Wellington Airport.

Lots of options...... and all will be decided in the best interests of the shareholders by a management team that have earned my respect.

Left Field · Jun 05, 2024, 08:00 PM

Up over $11.00 today and a TA chart of great beauty. (Holders bias lol)

LoungeLizard · Jun 06, 2024, 10:28 AM

Yep, you can't argue with a chart like that, although some still do. Interesting that the SP has gone up ex-dividend. I was hoping for a retrenchment to buy some more. Easily my biggest holding now

Left Field · Jun 06, 2024, 10:52 AM

Quote from: LoungeLizard on Jun 06, 2024, 10:28 AMYep, you can't argue with a chart like that, although some still do. Interesting that the SP has gone up ex-dividend. I was hoping for a retrenchment to buy some more. Easily my biggest holding now

Similar story here....I'm not a 'trader' and over the last two 'recession' years I have been incrementally buying both FPH and IFT in the 'dips' to the extent that together they both now represent over 50% of my portfolio. Add in GTK and these three represent 70% of my portfolio. Beginning to feel 'well positioned'!

Long may it last.

LoungeLizard · Jun 06, 2024, 11:15 AM

Quote from: Left Field on Jun 06, 2024, 10:52 AMSimilar story here....I'm not a 'trader' and over the last two 'recession' years I have been incrementally buying both FPH and IFT in the 'dips' to the extent that together they both now represent over 50% of my portfolio. Add in GTK and these three represent 70% of my portfolio. Beginning to feel 'well positioned'!

Long may it last.

Well done on staying the course with FPH. Reaping the rewards now. I sold out on the downtrend and forgot to buy back in!

LoungeLizard · Jun 06, 2024, 03:56 PM

Wow! Up 43c on the day. Has the roadshow prompted the long awaited re-rating exercise? Nearly half a million shared changing hands probably means the institutions are loading up.

Left Field · Jun 06, 2024, 04:23 PM

It's only been a matter of time IMO...... with a lot more to come (but no predictions!!)

mike2023 · Jun 06, 2024, 05:18 PM

I went to the roadshow. Hardly a sales pitch but a very well presented picture of the opportunities ahead. In fact the crowd hardly seemed warm to the obvious enthusiasm on show by our fantastic presenter. I have a feeling next year they might be a little more celebratory in nature.

Left Field · Jun 06, 2024, 08:25 PM

6 June Sharsies interview with Infatil CEO Jason Boyes

https://www.youtube.com/watch?app=desktop&v=x8ByFTrIAyM#bottom-sheet

Left Field · Jun 17, 2024, 08:38 AM

IFT in trading halt today to raise $1.15 Billion for its Data Centre operations........ "an exciting time to be an Infratil shareholder," says Jason Boyes.

https://www.nzx.com/announcements/432883

Mr Boyes said the growth in demand has caused CDC to accelerate its development and capital expenditure plans:

- CDC's development pipeline continues to expand with the inclusion of the Marsden Park development, a 720MW campus (more than double CDC's current operating capacity), bringing CDC's total planned capacity to around 1,870MW targeted to be operating or under construction by 2033

- CDC expects 200MW+ of capacity to commence construction over the next 12 months, including the first tranche of Marsden Park

Infratil expects to commit equity funding of around A$600 million to CDC over the next two years, which represents its pro-rata share of estimated funding capacity required by CDC to execute on its medium-term development pipeline.

"CDC's growth has accelerated considerably recently, driven by rapid growth in AI-driven data demand. The growth we've announced today is significant, and confirms CDC is a world-class business.

"The NZ$1,150 million we are raising today will not only support the CDC team to address this growth, but also strengthens our ability to expand our renewables, digital and healthcare platforms. This additional capital, combined with the significant growth opportunities ahead, makes it an exciting time to be an Infratil shareholder."

The proceeds of the Equity Raising (combined with cash on hand and currently available and undrawn debt facilities) will provide Infratil with ~NZ$1,809 million of total available liquidity[2]. Following the Equity Raising, wholly owned group gearing will be reduced from 20% to 11.8%[3].