EPW 0.21% $2.43 erm power limited

2016 Guidance Affirmed, page-287

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    The last few years, ERM has paid a 6c unfranked final dividend.
    This year, they paid a first half 3.5c fully franked dividend, in spite of making a loss (compared with paying a 6c unfranked dividend the last couple of years). As I undertand it, the loss was partially because of timing of their financial instruments, and partially because they elected to pay instead of surrendering LGC credits.
    They sold the US residential electricity business in April for $11m, which was more than the initial purchase price for the total Source business. At last reporting, the US business was growing strongly - some 14Tw of future energy contracted, up from 7 year earlier, and 3 when the business was purchased. The US also has good margins, compared to Australia - where margins have been savaged in the past year and a bit.
    Earlier this year, they said also that the Australian outlook was improving, due to a counterparty coming out of administration (not sure whether that was a hedging counter party?).

    So, how will it all look in a few weeks?
    Any predictions?
 
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