Infratil portfolio 'still undervalued'

Infratil portfolio 'still undervalued'
Dan Brunskill
Chief executive Marko Bogoievski thinks the market still undervalues Infratil’s portfolio, despite getting a boost from AustralianSuper’s takeover bid.The infrastructure investment company’s share price jumped 25 percent following the $5.3 billion takeover bid and has tracked higher since, last trading at $7.46.In an investor day presentation Infratil said AustralianSuper’s takeover attempt was a “real time endorsement of the quality of our assets and their attractiveness to sophisticated investors”.“Cl...

More Markets

Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Drury’s ASX stag, MetroGlass’s new owner, and more
Markets Small Cap Wrap

Drury’s ASX stag, MetroGlass’s new owner, and more

Rod Drury goes ‘pre-revenue’ again, plus small cap news from NZ.