APA 0.84% $7.18 apa group

Ann: 2018 Results Presentation, page-6

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  1. 12,497 Posts.
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    What I would like to know Chinaplate is this?

    https://www.smh.com.au/business/com...llow-massive-foreign-bid-20180629-p4zoiq.html

    "The Hong Kong bidder for Australian energy company APA’s gas pipelines may have to offload ownership of critical east coast gas pipelines in order to clinch regulator support for its $13 billion takeover.
    The proposed takeover of gas pipeline company APA by Hong Kong-based infrastructure firm CKI would give a foreign company control of the majority of Australia’s gas transmission pipelines."

    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4we0yxP2v/Zp/rFiGug=

    "Commenting on APA’s outlook Mr McCormack said, “APA continues to demonstrate why it’s an industry leader in Australia’s energy landscape.
    We focus on our customers and the big picture of what Australia’s energy needs will be in the future, and then we back those requirements by investing in the infrastructure.
    To-date we’ve invested over $13 billion in energy infrastructure for Australia that has provided our customers with flexible and seamless energy generation and
    flow."

    My question is this, if APA has spent over $13 Billion on infrastructure and KCI are only offering $13 billion for the whole kit and kaboodle?
    Where is the good will and appreciation of those assets that we paid for?
    OK we may have used a certain amount of the assets but there is also future prospects for some of those assets as well?

    Come on Aussie Come on, have a dip against these Chinese who want our assets on the cheap please!

    On one hand I want this to go through before Mr Shorten gets his grubby hands on more of my money and on the other hand I would much rather keep it?
    Last edited by moosey: 22/08/18
 
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