however much the hedge funds may not like Alinrta selling anything,there's b all they can do about it if its above book value,in the normal course of business and they get the proceeds. I don't see any TPG,Mickey mouse investment trust(sorry Walt) willing to appear before a judge and say---We don't want them to sell at a profit--so we can pull them down on their knees and takeover the company for nicks. It would be business suicide.
The play hasn't even started i don't think.Remember there's two years to go on the financing.We're still within profit /cashflow ebitda etc(within 15% of 5yr projection)A lot can happen in that time-both good and bad.
One things for sure-Alinta's prices aren't going down and the cost of the gas settlement reduces every day.The cash in the bank,or paid off debt keeps coming in.
The cost of building power stations just went up with the election result and the influence the greens will have in whoever is the next government.
Either way keep smiling things are getting better by the day
AEJ Price at posting:
5.2¢ Sentiment: None Disclosure: Held
