What are your thoughts on management ?
Ex. Alinta / ERM
Are they caretakers ?
I've been unimpressed with Rolfe's presentations to date.
They dont appear aggressive enough on the development side, and nor have they nailed any C&I clients.
Look at Tilt pushing forward with their battery storage and pumped hydro projects in SA, and recent wind farm in Vic.
Plenty of recent corporate deals being done.... None by Infigen.
Cherry tree has been investment ready for 12 months.
Tenders called for projects from Vic Govt, Monash University..... Or go merchant and pay for it with the cash they raised from shareholders 18 months ago. As Tilt has recently done on their Salt creek project.
Infigen will never be as profitable as now. The future will be a lot tighter and more competitive.
This has been a frustrating investment.
IFN Price at posting:
64.8¢ Sentiment: Hold Disclosure: Held
