AER is not going to do anything drastic with CAPEX/OPEX allowed as they do not want to jeopardise something as critical as electricity supply to Melbourne CBD in the pending decision for Citipower / powercor.
Also keep in mind, that remaining principal on the loan notes is around 1.20c - this can be almost as thought of as sub-debt
If I had funds being available, I would happily invest as downside is limited. SP trigger event is the debt refi at spark level due by end of the month.
Until then, I expect some volality due to tax-loss selling
SKI Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
