fantastic result, profit upgrade , page-2

Debt all paid off. New debt and tax shield ready to go with the AAPT acquisition which will only take a few years to pay off as long as they maintain the way they're throwing off free cash flow.

I am starting to think that share holding in Iinet may be a long term strategic play - Iinet too big/expensive right now to swallow, but as TPG get bigger (after AAPT acquisition paid off) and/or in a market downturn, iinet looks much more appealing. Regardless, I know Teoh is patient and will only buy if the price makes sense.

This is 30% of my portfolio right now with the recent increase. Planning to hold for many, many years.