Visiting my predictions from early January: 1 - Confirmation...

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anthony75

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19/02/18

10:41

Post #: 31151515
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Originally posted by anthony75 ↑

It's the break fees on current debt interest rate and FX hedging that negate savings lower interest rates on refinanced debt. When the maths makes sense they'll refinance. Until then take comfort knowing that IFN is literally spinning off plenty of free cash flow that is paying down debt and therefore increasing shareholder equity.

The share price doesn't reflect this triviality which is super annoying. But it's presented me with an opportunity to increase my holdings to well over 1 million units and I continue to increase with my own free cash flow whilst prices stay this low.

Future catalysts as I expect them to happen:

1 - Refinancing

2 - NEG blocking by either (or both) Jay Weatherill from SA and Shane Rattenbury from the ACT. The government needs unanimous COAG support. I have spoken to Shane Rattenbury about this and am convinced that he will not agree to it and I think Weatherill will not agree to it either. This will help repair the damaged sentiment regarding renewables and the effects of NEG (not that the effects were too bad in my opinion anyway)

3 - Federal election. I'm no fan of that union hack Shorten, but it's looking increasingly likely that Labor will win and they have a very clear pro-renewables agenda. This will be huge for the renewables sector and therefore for IFN

4 - A leftfield announcement (a new project kicks off, IFN starts using batteries, ???)

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Visiting my predictions from early January:

1 - Confirmation that this is almost done today
2 - I understand that there will be a COAG meeting in April to discuss this.
3 - Barnaby's libido has further assisted Shorten in becoming the political Steven Bradbury
4 - Batteries and new projects alluded to today. I expect somme more announcements in this regard soon

This has all set the stage for a strong recovery in the share price. I expect more good news to come soon.

IFN Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Visiting my predictions from early January: 1 - Confirmation...

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To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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