I think that is a likely conclusion... it was an easy way to get a solid exposure to Australian/Nz wind development with the bonus of a dividend... That being said... I am very confident in managements ability to generate a better RoI than what the capital allocated to TLT was generating... .
From a personal investment focus I am finding that Australian electricity generators are all suffering a bit atm due to the increase in supply from renewables coming in before coal plant retirements...depressed prices & lower revenue for the next few years at least - I find the TLT exit timely & astute. NZ generation assets are not suffering the same and are a much more suitable investment... so happy we are still exposed to this market via Trust.
Bring on some direct investment in Australian Pumped Hydro, BESS or alternative ESS via IFT & I feel we will get better returns than TLT provided.
IFT Price at posting:
$6.44 Sentiment: Buy Disclosure: Held
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