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$2.43 erm power limited

EPM is Clearly oversold !!!, page-14

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23/06/16

13:34

Post #: 18102627
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Originally posted by jdpc35 ↑

$170m cash - main debt facility is a project finance debt against the WA power station which they own 50% of and so is insulated to any moves in EPW. Other than that, have about $50m of general corporate debt.

Debt is not their issue. I think the shorts see an opportunity to shake out some holders with margin loans and are going for it at the moment.

I topped up quite substantially yesterday - this is a good and well run business. Yes margin pressures in Australia, but as more renewables come into the East Coast market and push up prices and volatility, there will be an opportunity for these guys to get even closer to their clients and help them manage that (for a fee!). So I think there is an opportunity in time to start to rebuild margin, but in meantime they are still making money, Oakey is a good asset (and will become even more valuable as we get more market volatility with increased renewables) and the US business is growing rapidly with good margins.

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Yes
went back and read presentations, debt of set by restricted cash and general cash.
It does seem a good medium term play and settle around 95-110 when the selling is done

EPW Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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