Gave you a thumbup fitnfam. Your analyst is always fun to read but make sense in some way.
I am holding to my large holding of alinta share because I believe that it (Australia energy market) has a positive future. My thoughts are to takeover a company is different from a winding up of a company. We are not in a fire sale phase but in a negotiation phase. So the sentiment s are different. All medias are speculated that we are in risk of going to administration and therefore we muse sell our assets in a fire sale price which are not true. Typical scare tactics which would work for some weak hands. But not for me.
From any buyer prospective. Cheaper the deal and better for them. So they will try different methods to buy our assets cheaply. That is why alinta management is also very important as well. Alinta management has stated in their official announcement many times that to protect equity holders value are one of their top priority. The deal with BBIL shown that the alinta management team can manage a good outcome out of it. GPG hold 20% which I doubt they will approve equity return of less than what they paid for. My estimate share buy back is still under 20c.
AEJ Price at posting:
5.0¢ Sentiment: None Disclosure: Held
