IFT infratil limited.
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Ann: Infratil 2020 Annual Meeting Presentation, page-5

  1. willbah
    259 Posts.
    lightbulb Created with Sketch. 19
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    20/08/20
    21:40
    Post #: 46702121
    I'd say capex vs enterprise value is way off.

    One of the reasons I'm in this is, like in Dec 2016, GMG was undervalued vs it's work in progress. This is like the same thing.

    I think that's one of the reasons for the share buyback too.
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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