Thanks - if you look at their presentation TLT they are 51% owned by Infratil they seem much more dynamic and I do understand just how paralysing the debt issue has been but I see that Infratil actually is a vertical investor owning a significant stake in Longroad energy which was founded by management leaving First Wind Energy. It's interesting that the management capabilities and even the USA skills were what first drew my attention to IFN. I have made small sums over a number of years but have always ended up hating the management style. I don't attend AGMS but listening to them I have always ended up thinking they sound like a bunch of fat cats and school tie guys which doesn't suit me.
Infratil has been interesting over the years they have owned a lot of infrastructure but I don't think they have really done as well as they should. I have not done enough research but they have made a lot in areas but have underperformed in others. It seems they are now focused on driving value. So they seem to have renewables clearly as part of that mix.
IFN Price at posting:
65.0¢ Sentiment: None Disclosure: Held
