Share price is pretty cactus of late. Always low volume but still gives me the irks. It has become my largest holding now. I cant understand it given the cash in the bank, and then the cash coming for the sale of the Vodaphone towers and the Retire Australia sale.
Question -Morrison and co buy a truck load of shares each year, but i cant see them on the substantial shareholders in the annual report. Does anyone know who they're held through?
Does anyone have a view of how Morrison and Co. chose whether to invest in something directly (such as Uniti Group) or through Infratil or part investment by Infratil? Given Infratil's cash situation i would have through some of the purchase could have been funded by the Tilt sale, to get cash flow in the years ahead.
IFT Price at posting:
$7.13 Sentiment: Buy Disclosure: Held
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