Nice indeed. the SA price spike has gone straight to the bottom line with revenues up +$16m on Q42015 and +$34.9m yoy.
This morning IFN punched through it previous ceiling of 1.20, currently 1.22. Let's wait for the close before we crack the champagne.
INF recently joint ventured two shovel-ready wind projects on nil capex terms for it. The CEFC is sniffing around IFN's Manildra solar project with a bucket of cheap money. We may expect some positive development news soon. Meanwhile, the debt is being whittled away and a re-finance on better terms is getting closer and more practical.
As you can see, I am very bullish IFN. In an economy where few businesses have any pricing power, those who do will zoom ahead. I think IFN is one of these.
GLTA
Ash
IFN Price at posting:
$1.22 Sentiment: Hold Disclosure: Held
