Here is the RBS info..Target $1.65 (was $1.45). Full year...

Here is the RBS info..

Target $1.65 (was $1.45). Full year earnings were solid in the broker's view but it suggests the result was overshadowed by the announcement of a capital structure review, with one potential outcome being the company being taken private.

The worst case outcome in its assessment would still deliver a 7-8% distribution yield and so the broker suggests an investor is essentially buying a free option on corporate activity by buying the stock now, which results in an upgrade to a Buy rating.

IMO SKI assets are the best of its kind in OZ - unlike the shoddy power generation assets out there (e.g BBP)

SPN also good but lower divs and cap growth potential