IFT - Infratil

[Mos]

Some strong conviction from IFT Directors/Management.

https://www.nzx.com/announcements/425299

[LoungeLizard]

Jeez, I really am going to have to revise my year end SP estimate!

Let's say $12 shall we?

[Left Field]

All time high today..... so why stop at $12!?

(However...... you don't say when.  )

[LoungeLizard]

Yep, all bets are off as to where the SP will be in a month let alone a year. UP is all one can say. Any ideas as to what's driving this surge?

[Left Field]

Yep, all bets are off as to where the SP will be in a month let alone a year. UP is all one can say. Any ideas as to what's driving this surge?

Been testing the $11 mark today..... well done that person!

IFT doing what they do.... and doing it well.

[Left Field]

Continuity and promotion/endorsement from within..... all good for Manawa Energy new CEO.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/IFT/425834/412168.pdf

[Left Field]

Investor update material available here https://www.nzx.com/announcements/427438

Info' from the individual sectors such as Digital, Energy, Data Centres etc all very impressive.

IFT looks set to continue to outperform so with all the posting attention on HGH recently I thought it interesting to compare SP appreciation over the last 5 yrs.

[LoungeLizard]

Investor update material available here https://www.nzx.com/announcements/427438

Info' from the individual sectors such as Digital, Energy, Data Centres etc all very impressive.

IFT looks set to continue to outperform and with all the posting attention on HGH recently I thought it interesting to compare SP appreciation over the last 5 yrs.

He-he. Basil would splutter into his cornflakes if he saw this

I'm a big fan of infratil - it is my biggest holding. Look at their track record of returns to shareholders in slide 11 of the investor presentation. Impressive stuff and there's no reason to doubt their target portfolio return of 11-15% per annum over the next 10 years. Given their history that might turn out to be a bit conservative.

[Left Field]

Nice to see IFT heading north again after the recent investors briefing.

In recent times IFT has diversified into key areas such as renewable energy and Spark/One NZ while the strategic importance of IFT's Digital infrastructure (cloud storage/cables and related business's) is underlined by this interesting  article. https://www.abc.net.au/news/2024-03-06/the-cloud-under-the-sea/103137378

Here's IFT's investor presentation on this particular sector. http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/IFT/427438/414256.pdf

And of course  IFT's Digital infrastructure is well positioned for the growth of AI.

Roll on $11.00

[LoungeLizard]

Good point about AI - we are at the cusp of an explosion in the requirement and usage of AI. AI is very data hungry - it's how it "learns" - so data volume and storage needs will increase exponentially in the coming years. IFT have always been very good at anticipating trends - renewable energy, mobile technology, digital services - and I have no doubt that their considerable investment in cutting edge data centres is going to be extremely lucrative going forward

[Left Field]

Good point about AI - we are at the cusp of an explosion in the requirement and usage of AI. AI is very data hungry - it's how it "learns" - so data volume and storage needs will increase exponentially in the coming years. IFT have always been very good at anticipating trends - renewable energy, mobile technology, digital services - and I have no doubt that their considerable investment in cutting edge data centres is going to be extremely lucrative going forward

The USA AI up start NVDA  went from $US 30 per share to around $US 800 over the last 5 years.

We just need the IFT SP to get a smidgen of those gains.  .

[Left Field]

Longroad Energy well positioned in the USA.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/IFT/427438/414253.pdf

[Left Field]

IFT owns majority of Manawa..... making good progress..... nice upgrade

https://www.nzx.com/announcements/428413

Independent power producer and renewable energy developer Manawa Energy ('Manawa') advises that the company's EBITDAF for the year to 31 March 2024 is likely to be in the range of $142m to $147m, above the previous guidance range of $120m to $140m. Capital expenditure guidance remains unchanged at $65m to $80m.

The revision is driven by several factors, including an increased focus on operating efficiencies and value capture, favourable energy trading conditions in Q3 and Q4, and relatively strong irrigation demand. It is contingent on there being no material events for the remainder of the financial year.

Manawa has also continued to progress and expand its pipeline of renewable development options, with the following milestones achieved in recent months:

• secured resource consent from the Marlborough District Council for the previously announced Argyle Solar Farm (~28MWac), adjacent to its Branch River hydro power scheme in Marlborough. Manawa is currently preparing a resource consent application for an expansion of the Argyle Solar Farm up to ~65MWac that is expected to be lodged in early FY25; and

• secured land options for a potential 100MW wind farm opportunity in Marlborough, along with a ~200MWac solar opportunity in the Mackenzie Basin, taking Manawa's secured pipeline of wind and solar options to more than 1.2GW.

[LoungeLizard]

Excellent post of the other channel, summing up IFT's growth path nicely.

[Left Field]

Excellent post of the other channel, summing up IFT's growth path nicely.

Sums up the potential well when he say's.....

"IMHO IFT remains the best placed risk adjusted public investment on NZX by a long shot. So many tail winds are in evidence, but particularly the AI growth into datacentre deployment, into data infrastructure growth and finally into green renewable energy demand. IFT sits across so many strong thematics / tail winds / growth areas. Beautifully positioned / poised!"