Australia's largest stock trading and investment forum Australia's #1 stock forum

IFN

0.00%

93.0¢ infigen energy

2019 will be a turning point for IFN?, page-8

First 8 Last

Share
Profile

Follow
Prodigalson7

1,435 Posts.

179

06/01/19

23:21

Post #: 37039929
Share

Originally posted by hfrench ↑

Originally posted by budfox26
Apologies for the off-topic comment but I couldn't get an answer elsewhere. I was wondering why there is absolutely no volume being traded on Tilt Renewables when it clearly seems like the better company compared to IFN. I'd like exposure to renewables but in terms of established mid-cap companies it seems like I only have a choice between TLT and IFN - but only IFN is being traded. Thanks to any who can help answer this.
Have a look at TLT's announcements and share register - it's 85% owned by two other organisations that very recently made an offer to buy out the other shareholders and take over. It seems that they did not acquire the 90% required to force a compulsory purchase of the remaining shares. The reasons for lack of trades in TLT are (1) the very small pool of a potential sellers - a small subset of that 15% pool of minority shareholders grimly hanging against the takeover, and (2) that the shares haven't been trading on the ASX above the takeover offer price so there's no incentive to sell on market.

(At the risk of staying off topic perhaps you could enlighten us as to why you consider Tilt better value than IFN - noting that one is probably not going to remain a TLT holder in the long run given the likelihood of the next takeover succeeding.)

Expand

Thanks for that. I completely looked over the share registry. I have only been following the company for a few weeks when the take over offer came across my screen. I was waiting for some price action once the takeover fell through and trading resumed but there was only crickets.

As for IFN vs TLT, clearly I have not done much research so my opinion doesn't matter much, it is just IFNs debt levels seem a little too high for me to want to pick up any shares at present. I have watched a few renewable energy plays go bankrupt on the US markets over the last several years and so I'm happy to just watch IFN at the moment. Thanks again.

Last edited by Prodigalson7: 06/01/19

IFN Price at posting: 45.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

OPL

Opyl forms JV with UK and US consortium to bring products to the world

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment