IFT - Infratil

[LoungeLizard]

https://www.nzx.com/announcements/475645

CDC's independent valuation increased by 23.6% during the quarter to a mid-point of A$18.5 billion.

[Left Field]

In NBR today, Sumitomo Mitsui Trust Bank has purchased 15% of Morrison's plus an initial agreement to invest $US 500 Million with Morrisons.

Likely will help fund some key IFT initiatives in Data Centres, Renewable Energy etc.

More power to Morrisons.

[Left Field]

I don't pay much heed to Brokers recommendations, however when I heard  that Forsyth Barr have just upgraded IFT's target SP to $18.90 with an "outperform" rating......I couldn't help smiling.

Onwards and upwards.

[Left Field]

....Sumitomo Mitsui Trust Bank has purchased 15% of Morrison's plus an initial agreement to invest $US 500 Million with Morrisons.

Likely will help fund some key IFT initiatives in Data Centres, Renewable Energy etc.

More power to Morrisons.

And where to now for Morrisons? Here's Paul McBeth's thoughts.....

https://www.thebottomline.co.nz/paul-mcbeth-morrisons-next-evolution/

[Left Field]

IFT/CDC/CEN in discussions regarding proposed new 250 MW data centre at Stratford. Taranaki ... early days.

https://api.nzx.com/public/announcement/477535/attachment/474145/477535-474145.pdf

[Left Field]

Interesting proposal for One NZ & 2Degrees to share their NZ infrastructure networks

https://api.nzx.com/public/announcement/478703/attachment/475639/478703-475639.pdf

- One NZ and 2degrees plan to combine each company's mobile radio access network (RAN)
infrastructure into a new and jointly-owned wholesale business (holding name RANCo)
- RANCo will enable a new way of sharing RAN infrastructure which will make more efficient use of
existing infrastructure and reduce unnecessary duplication, while maintaining competition
between One NZ and 2degrees.
- More resilient, future-proofed mobile infrastructure will create a stronger platform for future
investment in New Zealand's growth as digital connectivity becomes ever-more important to
work, live and play in a digital world
- One NZ and 2degrees will continue to separately own, and invest in, the parts of their businesses
that drive competition and differentiation, including spectrum management rights, core
networks, fibre backhaul assets and satellite innovations
- The proposal is subject to approvals, including from the NZ Commerce Commission and
Overseas Investment Office, as well as some reorganisation steps. Subject to these, the
transaction is aiming for completion in the first half of 2027.