Thanks strange.
I don't see shorters circling IFN, more a stampede to cash at any price.
https://www.shortman.com.au/stock?q=ifnMy observation earlier that the coal generators will be crushed if electricity demand falls still stands. The running cost of WFs is routine maintenance.
At current price 45c!!! IFN is a screaming buy P/E of 8's with sustainable div yield. This is a utility play on the right side of the renewables transition.
IFN holds cash and can act strategically on opportunity.
An initiative announcement of any kind would propel the price.
Many wind assets are up for sale - the John Laing portfolio is just one example. Hammering vendors down to a reasonable price may take time.
Palisade must sorely regret buying 270Mw Snowtown2 from Tilt for an EV of $1.07b last December.
Please avoid the solar value trap, RR & team.
Ash
(20min delay)