IFT 0.41% $9.76 infratil limited.

Ann: Infratil 2020 Annual Meeting Presentation, page-4

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    I think the 13% were against the payment being made in scrip, not against the payment itself.

    It looks like the guidance earnings for 2021 are ballpark $420 mill which indicates a P/E around 8. I personally think this is on the low side given exposure to some nice growth sectors but it may also be factoring in some capex going fwd.

 
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