Its all a bit misleading,being asked to decide on financial...

Its all a bit misleading,being asked to decide on financial information atleast 3months old isn't it?Most 4 months or older by Alinta

A TRUCKLOAD OF THESE RESOLUTIONS CAN BE PASSED ON A SHOW OF HANDS,unless a poll is demanded.(Knew there was a trick in here somewhere).

Being #1 disposal of alinta assets
#4 Allowing Alinta finance to buy units without having to make formal takeover.(SCARY)
#5 name change
#6 Delist to make offer to buy letters easier without market reference if it doesn't go thru
#8 consolidation 1000 for one and write-off of lesser holdings.Gets rid of a lot of mum and pops.


If you know how-tell concerned holders - say here on HC -thanks

P.s. grant samuel had 30 NOVEMBER- FREE CASH details for alinta

alinta finance 80.5m unrestricted 79.2m
redbank 14.9m 4.1m
Alinta Energy 42.4m 36.4m

total of $119.7m unrestricted.Not bad for 5 months.See debt paid off later.

redbank Nett borrowings of $212.6M

SO WE"RE BEING ASKED TO SELL AND WHERE"S THE SIX MONTHLY ACCOUNTS.I suspect things have been improving since this deal was planned.

$2955.2bn debt june 10

Grant samuels says deb to the syndicate at nov 2010
was 3012.9,however this included a provision of $170m as part of the gas arrangements and only payable if Alinta made abnormal profits,from the gas discount given-IT HASN'T

so 3012.9-170= $2882.9

therefore overall debt must have reduced by 2955.2-2882.9 by
$72m

actual debt in management summary to 30 nov is 2727.6 plus $130.9 if interest rate swaps were capitalised on that day.
Still that's not real debt unless you have to pay NOW.

I wonder where we are now with the Aussie /US dollar having shifted 20% towards the positive in DEC.MAYBE instead of a loss we're in PROFIT.BUT WE DON"T KNOW DO WE -because-NO 6 MONTH ACCOUNTS.

SO FOR 5 MONTHS we paid interest to bankers and reduced debt to them by $72.3m dollars.thats 14.46m per month,or atleast $173.5m/yr plus of course $120m or so interset

ITS YOUR VOTE-BUT LETS MAKE IT A POLLED VOTE,so you do get a chance to have your vote counted at the meeting.

DYOR-my facts and figures could be wrong and i could be on medication-Then again.GIVE ME THE 6 MONTHLYS TO RIP APART
and 10c might be the bargain of the century-but for whom?.

NONONONONONONONLONONONO and no it stinks to me