You are both right.
The way I see it, the recent rally in IFN has been driven by:
* a number of data points whereby existing wind portfolios have sold for over ~A$2.5m per MW (this would value IFN at A$1.4bn, taking debt into consideration, about A$1 per share). O/night a Canadian renewable company purchased 131MW wind generation in Europe for C$300m.
* LGC price / political outlook, with looming election either leading to i) no change in renewable policy; ii) improvement in targets / duration of RET target
New projects will definitely be accretive. This monetises the development portfolio >1,000MW (assume ~10% IRR for every dollar invested).
IFN is shortlisted for a number of auctions, and given 6,000MW needs to be built in next 5 years, it should basically win 1 in every 6 projects.
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Last
$1.14 |
Change
0.000(0.00%) |
Mkt cap ! $154.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5396 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 9 | 1 |
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| Last trade - 11.14am 16/07/2025 (20 minute delay) ? |
| IFN (ASX) Chart |
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