re: Ann: Ausgrid Arbitration and Interim Fina...
timber1956
No you are quite right. They need to sell the powerstation to get their money back.
Whats worth keeping in mind is that for Both Bronte & Coastal they actually made their money on the Recapitalisation of Alinta. What they are now trying to do with AEJ is to create value from nothing.
Another way of looking at it is that they reapitalise AEJ bringing in more shareholders, reducing debt diluting their shareholdings and then start paying dividends. this would create significant value for them over a longer time frame as they dont need the cash now.
AEJ Price at posting:
$8.50 Sentiment: Hold Disclosure: Held
