IFN is just one of many examples on the ASX of how inefficient the markets are and have always been. But to make it worse for this generation of investors now we have to also deal with ridiculous volatility due to more modern forms of manipulation like High Frequency Trading that market spivs use around the world today.
The LGC price (the fundamental underlying reason to invest in a company like IFN) is at record highs, currently over $77. Plus there is the well known fact that there is not much of a pipeline of ready-to-go large renewable projects in Australia. IFN are probably the best placed Australian company with such deals set up and ready to pull off the shelf.
Maybe IFN is down due to the energy sector generally taking a beating? Or maybe it's down due to overall crappy markets affected by the realisation that China is, after all, still a backward country with an economy that can't grow sustainably at 10%+ forever? In any case, none of these reasons detract from reasons to invest in IFN today with the LGC price having increased to where it is now and probably set to go higher after global consensus on the seriousness of climate change at the Paris climate talks.
IFN has a great future ahead of it, but I reckon that we'll get acquired by an international player within a year or two. In any case this is one of the lowest risk stocks that I own and I just wish I had spare money to purchase more whilst the markets are as depressed as they are now.
IFN Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
