About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   sharetrader.co.nz  |   stockguru.co.nz
 
sharemarket
NZX 50 Index 3092.36 9.90
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60
rss  Twitter    rss  Facebook    rss  RSS

Daily ShareChat: Infratil

By Jenny Ruth

Tuesday 30th June 2009

Text too small?
Jenny Ruth

Infratil will probably reduce its debt within a shorter time frame than previously expected following two offers for 32%-owned Energy Developments and an agreement to underwrite $110 million of its warrants, says Matt Henry at Goldman Sachs JB Were.

Australia-based Energy Developments accounts for about 10% of Infratil's assets and has recently attracted a "highly conditional and incomplete proposal" for a 100% takeover bid, although no price has been disclosed, and an about $A280 million ($NZ350.2 million) offer for its British and French landfill gas assets.

While the 28% lift in Energy Developments' share price represents only about four cents a share, the offers are likely to lead to Infratil receiving cash and they have improved sentiment and make it more likely its warrants will be exercised, Henry says.

On June 22, Infratil had 81.6 million warrants exerciseable at $1.62 by July 10 compared with Monday's $1.75 share price. First NZ Capital is underwriting the exercise of 68 million of the warrants. By June 26, further warrants had been exercised, reducing their number to 80.5 million.

These two transactions and the exercise of Infratil's option to sell back Luebeck Airport will reduce the company's net debt to enterprise value from 54% to between 42% and 44% by June 2010, Henry says.

 

BROKER CALL:  Goldman Sachs JB Were rate Infratil (NZX: IFT ) as buy (upgraded from hold).

 

 

Daily ShareChat articles report how the main experts in the market might view a certain share and we provide this commentary as a useful resource for investors. Content on this site does not in any way constitute a recommendation to buy, hold or sell any particular share. Investors should always seek professional advice before making any investment decisions.

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
Bookmark and Share   Printable version
Related News

Infratil gains confidence on earnings outlook
Morrison looking at Port of Brisbane lease
Infratil's Snapper may get surge in sales as gap widens with cash fares
Morrison appoints new executive director
Wellington Airport increasesd profit with fewer passengers
Infratil returns to profit after year-earlier impairments, lifts revenue
Infratil, Super Fund get bargain with Shell purchase at bottom of economic cycle
Daily ShareChat: Infratil
Infratil/NZ Super consortium pays $696.5m for Shell's downstream assets
Shell name to stay as Infratil focuses on Australasian energy assets

Get quotes for Infratil Limited Ordinary Shares (IFT)
NZX Annoucements for IFT
30 Aug 2010 GENERAL: IFT130: Infrastructure Bonds Maturing 15 November 2010
26 Aug 2010 MONTHLY: IFT: Infratil Monthly Operational Update
26 Aug 2010 LISTING: IFT: Admission to ASX Official List
19 Aug 2010 BUYBACK: IFT: Perpetual Infratil Infrastructure Bonds (PIIBs) Buyback
18 Aug 2010 ALLOT: IFTHA: Perpetual Infratil Infrastructure Bonds (PIIBs) Buyback
17 Aug 2010 BUYBACK: IFT: Perpetual Infratil Infrastructure Bonds (PIIBs) Buyback
13 Aug 2010 GENERAL: IFT: Greenstone Energy bond issue
11 Aug 2010 MEETING: IFT: Annual Meeting
11 Aug 2010 ADDRESS: IFT: Annual Meeting Presentation
6 Aug 2010 GENERAL: IFT: ASX Listing of Ordinary Shares
2 Aug 2010 APPNDX7: IFTHA: Perpetual Infrastructure Bonds Interest Payment (IFTHA)
2 Aug 2010 APPNDX7: IFT090: 15 February 2020 Bonds Interest Payment (IFT090)
2 Aug 2010 APPNDX7: IFT140: 15 Nov 2011 Bonds - Interest Payment (IFT040)
2 Aug 2010 APPNDX7: IFT130: 15 Nov 2010 Bonds Interest Payment (IFT130)
2 Aug 2010 APPNDX7: IFT110: 15 Nov 2012 Bonds Interest Payment (IFT110)
2 Aug 2010 APPNDX7: IFT070: 15 Nov 2015 Bonds Interest Payment (IFT070)
2 Aug 2010 APPNDX7: IFT140: 15 May 2011 Bonds - Interest Payment (IFT140)
30 Jul 2010 MONTHLY: IFT: Infratil Monthly Operational Update
23 Jul 2010 BUYBACK: IFT: Share Buyback
22 Jul 2010 BUYBACK: IFT: Share Buyback
21 Jul 2010 BUYBACK: IFT: Share Buyback
13 Jul 2010 WAV/RULE: IFT: NZX Regulation - IFT - Waiver NZSX Listing Rule 7.3.2b)
13 Jul 2010 MEETING: IFT: Infratil Notice of Meeting
13 Jul 2010 MEETING: IFT: Infratil Notice of Meeting
6 Jul 2010 GENERAL: IFT: ASX Listing of Ordinary Shares
30 Jun 2010 ALLOT: IFT: Exercise of Warrants
29 Jun 2010 RELINT: IFT: Director and Officer Disclosure
28 Jun 2010 ANNREP: IFT: Infratil Annual Report 2010
25 Jun 2010 RELINT: IFT: Ongoing Disclosure Notice (Lib Petagna)
25 Jun 2010 RELINT: IFT: Ongoing Disclosure Notice (Tim Brown)
25 Jun 2010 RELINT: IFT: Disclosure of Directors and Officers - Kevin Baker
25 Jun 2010 DRP: IFT: Dividend Reinvestment Plan
25 Jun 2010 MONTHLY: IFT: Infratil Monthly Operational Update
22 Jun 2010 DRP: IFT: Dividend Reinvestment Plan Price Determined
21 Jun 2010 DIRECTOR: IFT: Director Resignation
14 Jun 2010 BUYBACK: IFT: Share Buyback
9 Jun 2010 MEETING: IFT: Special Meeting of Shareholders
4 Jun 2010 APPNDX7: IFT060: Appendix 7 - Interest Payment (IFT060)
4 Jun 2010 BUYBACK: IFT: Share Buyback
3 Jun 2010 DIRECTOR: IFT: Director Nominations
31 May 2010 ALLOT: IFT: Exercise of Warrants
27 May 2010 BUYBACK: IFT: Share Buyback
26 May 2010 RELINT: IFT: Director and Officer Disclosure - Tim Brown
26 May 2010 BUYBACK: IFT: Share Buyback
25 May 2010 RELINT: IFT: Ongoing Disclosure Notice (Duncan Saville)
24 May 2010 SSH: IFT: SSH Notice (Utilico Limited)
24 May 2010 RELINT: IFT: Ongoing Disclosure Notice (Duncan Saville)
24 May 2010 ALLOT: IFT: Exercise of Warrants
24 May 2010 RELINT: IFT: Disclosure of Directors and Officers - Kevin Baker
24 May 2010 RELINT: IFT: Director Disclosure - Lloyd Morrison
24 May 2010 BUYBACK: IFT: Share Buyback
21 May 2010 RELINT: IFT: Director Disclosure - David Newman
21 May 2010 RELINT: IFT: Ongoing disclosure (Kevin Baker)
19 May 2010 BUYBACK: IFT: Cancellation of Treasury Stock - amended
18 May 2010 ALLOT: IFT: Exercise of Warrants Amended
18 May 2010 ALLOT: IFT: Exercise of Warrants
18 May 2010 FLLYR: IFT: Infratil Results for the year ended 31 March 2010
17 May 2010 MEETING: IFT: Notice of Special Meeting
12 May 2010 BUYBACK: IFT: Cancellation of Treasury Stock
11 May 2010 WAV/RULE: IFT: IFT - Application for Waiver from NZSX Listing Rule 7.11.1
11 May 2010 DRP: IFT: Infratil Dividend Reinvestment Plan
11 May 2010 ALLOT: IFT: Exercise of Warrants
10 May 2010 ALLOT: IFT: Exercise of Warrants
7 May 2010 ALLOT: IFT: Exercise of Warrants
6 May 2010 APPNDX7: IFT110: Appendix 7 - Interest Payment (IFT110)
6 May 2010 APPNDX7: IFT090: Appendix 7 - Interest Payment (IFT090)
6 May 2010 APPNDX7: IFT070: Appendix 7 - Interest Payment (IFT070)
6 May 2010 APPNDX7: IFT040: Appendix 7 - Interest Payment (IFT040)
6 May 2010 APPNDX7: IFT140: Appendix 7 - Interest Payment (IFT140)
6 May 2010 APPNDX7: IFT130: Appendix 7 - Interest Payment (IFT130)
6 May 2010 APPNDX7: IFTHA: Appendix 7 - Interest Payment (IFTHA)
6 May 2010 ALLOT: IFT: Exercise of Warrants
4 May 2010 ALLOT: IFT: Exercise of Warrants
3 May 2010 ALLOT: IFT: Exercise of Warrants
3 May 2010 SSH: IFT: SSH (AMP Capital Investors (New Zealand) Limited)
29 Apr 2010 MONTHLY: IFT: Infratil Monthly Operational Update
29 Apr 2010 ALLOT: IFT: Exercise of Warrants
28 Apr 2010 DRP: IFT: Dividend Reinvestment Plan
23 Apr 2010 ALLOT: IFT: Exercise of Warrants
21 Apr 2010 ALLOT: IFT: Exercise of Warrants
21 Apr 2010 EXERCISE: IFT: Exercise of IFTWB Warrants
19 Apr 2010 ALLOT: IFT: Exercise of Warrants
19 Apr 2010 ALLOT: IFT: Exercise of Warrants
9 Apr 2010 RELINT: IFT: Ongoing Disclosure Notice (Anthony Muh)
7 Apr 2010 BUYBACK: IFT: Share Buyback
7 Apr 2010 BUYBACK: IFT: Share Buyback
6 Apr 2010 WAV/RULE: IFT: NZX Regulation- IFT - Waiver from NZSX Listing Rule 9.2.1
6 Apr 2010 BUYBACK: IFT: Share Buyback
6 Apr 2010 SSH: IFT: SSH (Blair Cooper)
6 Apr 2010 SSH: IFT: SSH (Accident Compensation Corporation)
6 Apr 2010 ASSET: IFT: Shell New Zealand Acquisition Completed
1 Apr 2010 ALLOT: IFT: Exercise of Warrants
1 Apr 2010 BUYBACK: IFT: Share Buyback
30 Mar 2010 SSH: IFT: SSH (Accident Compensation Corporation)
30 Mar 2010 SSH: IFT: SSH (AMP Capital Investors (New Zealand) Limited)
29 Mar 2010 ASSET: IFT: INFRATIL AGREES PURCHASE OF SHELL NZ ASSETS
26 Mar 2010 MONTHLY: IFT: Infratil Monthly Operational Update
24 Mar 2010 ALLOT: IFT: Exercise of Warrants
22 Mar 2010 BUYBACK: IFTHA: Perpetual Infratil Infrastructure Bonds (PIIBs)
11 Mar 2010 ALLOT: IFT: Exercise of Warrants
11 Mar 2010 ADDRESS: IFT: Infratil Investor Day
4 Mar 2010 ALLOT: IFT: Exercise of Warrants
1 Mar 2010 MONTHLY: IFT: Infratil Monthly Operational Update
1 Mar 2010 BUYBACK: IFTHA: Pertpetual Infratil Infrastructure Bonds (PIIBs)
1 Mar 2010 APPNDX7: IFT060: Appendix 7 - Interest Payment (IFT060)
10 Feb 2010 ALLOT: IFT: Exercise Of Warrants
1 Feb 2010 APPNDX7: IFTHA: Appendix 7 - Interest Payment (IFTHA)
1 Feb 2010 APPNDX7: IFT110: Appendix 7 - Interest Payment (IFT110)
1 Feb 2010 APPNDX7: IFT090: Appendix 7 - Interest Payment (IFT090)
1 Feb 2010 APPNDX7: IFT130: Appendix 7 - Interest Payment (IFT130)
1 Feb 2010 APPNDX7: IFT070: Appendix 7 - Interest Payment (IFT070)
1 Feb 2010 APPNDX7: IFT140: Appendix 7 - Interest Payment (IFT140)
1 Feb 2010 APPNDX7: IFT040: Appendix 7 - Interest Payment (IFT040)
1 Feb 2010 MONTHLY: IFT: Infratil Monthly Operational Report
11 Jan 2010 ASSET: IFT: Infratil announces sale of Energy Developments
 
Infratil Limited Ordinary Shares

Current quote:
IFT $1.68
Quotes delayed 20 minutes
Price when article published: $1.74

Previous News

Daily ShareChat: Nuplex

Daily ShareChat: Sky City

Daily ShareChat: Contact

Daily ShareChat: Pumpkin Patch

Daily ShareChat: Sky TV

Daily ShareChat: Freightways

Daily ShareChat: Port of Tauranga

Daily ShareChat: Telstra

Daily ShareChat: PGG Wrightson

Daily ShareChat: Steel & Tube

Sharemarket News By Email
AM Update (daily) - View sample
News Alerts - View sample
After the Bell (daily) - View sample

More info - RSS feeds - Unsubscribe/Update

Stock Quote
Exchange:
Stock Code:
Don't know the stock code? Search by keyword:
Keyword:
At a Glance
NZX 50 Index 3092.36 9.90
S&P/ASX 200 4532.70 0.00
Dow Jones Industrials 10320.10 50.60
Comment & Analysis

“ The little theme of this week’s newsletter is about looking ahead at the property market and what is happening. Pondering the market is something we often do and it is worth addressing again as there is so much uncertainty and change. While the news has been pretty gloomy and the housing market appears to be dead, [...] ”
The Landlord  More »

The Landlord
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 2.04 -0.01
APT 0.75 0.01
CEN 5.66 0.01
FBU 7.70 0.02
FPH 2.99 0.00
GMT 0.94 0.01
IFT 1.68 0.00
KIP 0.97 0.01
NPX 3.20 0.00
NZO 1.21 0.01
RYM 2.06 0.00
SKC 2.95 0.00
SKT 5.10 0.03
TEL 2.05 0.02
VCT 2.08 0.00

More market prices »

NZX Announcements

MZY - MZY NTA 02-09-2010 $5.09227 »

OZY - OZY NTA 02-09-2010 $3.49125 »

JWI - Preliminary Full Year Report and Release for 30 June 2010 »

NZX - NZX Buy-Back of Ordinary Shares »

FNZ - FNZ NTA 02-09-2010 $1.25607 »

MDZ - MDZ NTA 02-09-2010 $2.14138 »

More NZX Market Announcements »

© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.