Ann: Infigen Announces Recommended Takeover Offer from Iberdrola, page-12

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17/06/20

09:07

Post #: 45266253
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Originally posted by Gozza: ↑

Unfortunately this is wishful thinking. We will be hard pressed to find another offer significantly above $0.86 in the current market. Cash is likely going to be held tightly by renewable energy developers, and a takeover bid well above the SP and the price at which the board are willing to accept offers is unlikely given the perceived risks in the Oz energy market over the next couple of years.

That said, I am also highly disappointed at the decision to sell - I bought into Infigen because I believed they were in the best position to expand in the mid-late 2020s as NSW coal power stations start to withdraw from the market. They have a solid NSW portfolio and good prospects for new generation (especially Cherry Tree WF).

I would have preferred to stick with Infigen for the long haul and see an Australian owned company thrive as an Australian generator and retailer. A real shame.

I guess this means Tilt Renewables and Genex will be my only solid Australian renewable energy generator holdings.

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Time will tell.
With TCI agreement being they will sell, but not before 2 months has passed, is effectively giving time for this to play out.

Market said 80c was too low. Although still early is looking like will open slightly above 86c.

Whatever happens I'm happy with the outcome.

IFN Price at posting: 82.0¢ Sentiment: None Disclosure: Held
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Ann: Infigen Announces Recommended Takeover Offer from Iberdrola, page-12

Top Stories

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Talking Australia's very competitive property landscape: Realty Talks

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

AI stocks: What to expect in 2024-25

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Metalicity looking for offers on Admiral Bay zinc project

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