Simple. They are different businesses at different stages of their lifecycle.
TLT has
- Cash position, including net $455million after the Snowtown 2 sale (sold for $1.07 billion) - 835MW generation capacity - Over 80% of the revenue from assets is secured via long‐term contracts with high-quality counterparties eg 336MW Dundonnell which won the VIC state government's price auction has only recently started generating. - Demonstrated ability to secure tenders and work with state governments on projects is considered invaluable. - Significant price catalyst in acquiring the 1GW Liverpool Range Wind Farm and DA for 267 turbines - Look likely to add a big battery to Snowtown, in SA. Interested to see what this means for the existing battery revenues. - Cornerstone investors Infratil and Mercury NZ. - A slick brand and a reputable team - TLT received a takeover offer at $2.30 per share any however independent assessors advised against, valuing it up to $3 a share at the time.
Therefore, the short to medium-term potential to 3GW+ and a bright future working alongside key industry stakeholders.
IFN Price at posting:
45.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)