Sorry the raising they did was NZ$300.
Gearing went to 29%, that is around the middle to low end that I have seen in infra/utility companies. Prof Aswath Damodaran, who wrote the book on valuations (everyone who has done a finance course or had to sit in for training at a bank or fund is indebted to him) does a yearly look at industries. The average of the 22 American renewable companies had a D/E of 106% vs IFT having 29%, this can be looked up online.
I think at our 29% we gucci fellas.
(Also I cannot stress this enough, if you do fundamental analysis you MUST read Aswath's books, as well as put his blog, Musing on Markets, on your watchlist.)
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Sorry the raising they did was NZ$300. Gearing went to 29%, that...
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6 | 2909 | 9.730 |
6 | 2168 | 9.720 |
9 | 7553 | 9.710 |
5 | 5016 | 9.700 |
Price($) | Vol. | No. |
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9.760 | 96 | 5 |
9.770 | 1177 | 5 |
9.780 | 1707 | 4 |
9.790 | 1441 | 3 |
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