This two months will become very interesting for alinta.
i agree with fitnfam. the outlook for alinta is going to be better. Unless a burst/explosion happen at one of our power stations. In this new financial year, we will have the NWS issues behind us. More existing contracts will roll over to new NWS contract prices from this year onward to 2014. As a result, alintas energy market is going to increase its revenue progressivly. The energy prices is going up overall. So we should have better performance again in this new year.
The alinta business valuations is much more than the $500 milions dollars as one of our gang member mentioned in his post. The 500 milions is value for just one of our twelve power stations which is the bramaer at queensland which on a tolling agreement with origin.
BBIL issue new share at 18 cents and we pay off 400 mils of its loan. So that is almost of BBIL pay $4 or more for each of the new share. If take over happens, then my guess is we should get from low 10 cents to 18 cents per share. But I am still think part asset sale is much better than takeover.
my guess traget for share price after recap is under 50 cents.
AEJ Price at posting:
6.2¢ Sentiment: None Disclosure: Held
