GPG ups Tandou stake again by 2% last week. Tandou is a nasty bugger for GPG. But GPG is continue to soak up their share like a dog on its bone.
So looks like their overall investment strategy is not oing to change after separate from its UK group this month. My guess is GPG will continue holding on their close to 20% of alinta energy. GPG will buy more later or could buying them right now.
For us, it is any deal require to get GPG support. The equity return will need to be higher than GPG's original purchase price which is close to 8c.
AEJ Price at posting:
4.9¢ Sentiment: None Disclosure: Held
