"Working through a back-of-the-envelope valuation suggests an asset valuation of about $3.24 billion on a break-up of Alinta's energy-generation assets and retail gas operations.
After netting off $300 million for head-office costs, a worst-case value on an electricity hedge book and other odds and ends, you are left with an equity value of about $300 million, or 38 a share"
SMH.com.au David Symons 25/06
AEJ Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
