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