Is Infratil happy with EDL’s performance and its direction?
EDL has struggled to meet expectations in execution of capital projects that add to shareholder value and also in respect to results from the US business as commented on above. Infratil continues to believe that ‘pleasant surprises’ should exceed ‘negative surprises’ for companies in good sectors. Infratil’s approach is to work with companies in sectors it believes in and to assist companies become good performers in that sector.