re: Ann: Ausgrid Arbitration and Interim Fina......

re: Ann: Ausgrid Arbitration and Interim Fina... timber1956


Please explain what you mean by
"let the directors do the selling"?

My view and interpritation is, when AEJ is on a solid financial footing the board will then enagage a sale process to maximise the return to shareholders. Until they have bedded down the funding Redbank is a distressed sale and hence a discounted return.

Once the arbitration is resolved (favourably) the SP will rise significantly, hopefully above the $45.00 NTA. The board will then seek to raise cash through a placement which will reduce overall debt. This placemenet may trigger a takeover down the track.

Keep in mind Nexif Pte is still on the register.