Don't you think the expensive management contract takes some of the value out of this stock? I have long thought that they like churning assets because of fees - you don't as shareholders get all the upside but in the short-term, you can get all the downside. I know we would have to pay for management but the fees look much higher than if management was internal.
I like the company but not sure I like the management contract but as I like the portfolio I accept that it's a bit pricey as an investment because of their cut.
I don't think those valuations take into account their incentive the company has to pay when TLT is sold.
Ann: Infratil 2021 Investor Day, page-47
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IFT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.34 |
Change
0.160(1.57%) |
Mkt cap ! $9.713B | |||
| Open | High | Low | Value | Volume |
| $10.20 | $10.34 | $10.13 | $11.95M | 1.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1204 | $10.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IFT (ASX) Chart |