We have to remember that fact Alinta is NOT in ADMINISTRATION NOR in LIQUATION. We are in the process of deleverage and not in firesale of assets mood . We are the seller and we have the bargaining power to negotiate a good outcome for all stakeholders.
Alinta management choose start of this new financial year (2010/2011) to kick start of the deleverage process proves that we have the bargaining power to choose the best time to suite us also the prices.
my guess is some foul play is going on. Continue suppress of prices and making it looks like heading into administration. It what the manipulators would want us to believe.
Worst case is sell some of our assets and to reduce our debts back to more manageable level. Recent labour policy proof that new coal stations are not profitable and can not meet the new carbon limit. So gas stations will be use in conjunction of renewable energy in the future. Also With improve energy outlooks in austrlia. Alinta will become profitable again in few years time.
AEJ Price at posting:
5.8¢ Sentiment: None Disclosure: Held
