IFN 4Q production and revenue report due ~31 July and full year results ~17 August.
Electricity prices and revenues will have been solid - much going toward debt repayment.
The new Bodangora wind farm begins production August/September as well, increasing production by 24%.
The annual report will show the benefits of the refinancing - mainly the corporate flexibility it allows.
It will also update on development projects. The key ones as I see it are Cherry Tree Vic and Forsayth NQld. The economics of both would benefit from installing the newest style of taller towers and bigger turbines that are way more efficient. Whether the Victorian government will allow this variation on granted planning permits for 'eyesores' visible from greater distances is an open question.
And batteries? Don't get me started!
I think the good result ahead will oblige a repricing. I am sorely overweight.
GLTAH
Ash
IFN Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
