Bit of a drop yesterday, probably because of Origin stating that wholesale prices are dropping, hence there promise not to raise prices for some states for the next year. Origin also reaffirmed their view that wholesale prices have dropped as a result of more renewable energy coming online. The CEO said renewables are by far the cheapest source of electricity.
IFN is still well placed to weather this uncertainty. I've been in since. 25cent days and happy to hold for a long time.
IFN Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held