I have an on paper loss for the first time this year. The one thing that I am happy about is that it is not being short sold.
I think as debt is gradually paid down we should see a re-rating of this stock.
I am hesitant to recommend a buy to anyone but I do think that the down side is limited at these prices.
At the end of the day they have income producing infrastructure and are situated to benefit from rising energy prices, (particularly the rising cost of generating fossil fuel energy).
They are rightly concentrated on paying down debt and their Australian assets in particular are good.
I'm still waiting, but I anticipate a decent % rise in the value of the LGCs they hold and produce ove the next 1-2 years.
This should enable them to pay down debt more quickly.
More research is needed to discover when they well get debt free.
IFN Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
