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.