I really liked the part when he was talking about having no baseload generation (unlike competitors) and hence this aligned ERM better, with consumers. Makes sense - a higher electricity price isn't necessarily what ERM are shooting for (unlike competitors) - it's more about their margins.
Re: the ASX announcement - well obviously disappointing, but there're still green shoots. ERM was obviously too ambitious in their US forecasting - but adapting to another country is not straightforward and it will take time, to bed down. No reason to sell IMO, if one has a long term perspective.
EPW Price at posting:
$1.65 Sentiment: Hold Disclosure: Held
