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.)
Sorry the raising they did was NZ$300. Gearing went to 29%, that...
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$10.03 |
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Mkt cap ! $9.386B | |||
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| 1 | 100 | $9.99 |
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|---|---|---|
| $10.03 | 386 | 1 |
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