need to be cautious with the high gearing and fees paid to AAN....

need to be cautious with the high gearing and fees paid to AAN. Too high imo.

AAN has acquired new infra assets and will look to on sell in 12 months to AIH, but my concern is that it will be driven by greed for fees involved rather than shareholder future profits.

In a market downturn the high gearing will bite, this is not my idea of a secure infrastructure investment.

just be aware of the risks, this is not as safe a stock as it appears.