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clock Created with Sketch. 19/10/17
21:39
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Originally posted by anthony75
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As time goes by with a stagnant share price despite fantastic earnings I keep thinking that as the largest renewable energy generator in Australia IFN could be a takeover target. I'm sure ongoing uncertainty regarding energy policy would be a deterrent for this but I suspect that when (or if) clarity arises here there will be large investors running their rulers over IFN. It's a good earner with an inefficient balance sheet. Management are slow to refinance and I imagine if a larger group with capital took it over and refinanced it themselves the value added overnight would make for a very profitable play.
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I'm old enough to remember Pacific Hydro: in fact I was a holder, but sadly not when it was taken over.
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