potential breakout ?, page-15

I see I need to stand corrected: SKI has traded below $1.25 thismorning, but I see it have bounced back. I disclose my Stop loss was hit (ITM) and will probably buy back in early next week.

UBS Wealth Management Australia currently (issued yesterday) have a 12-month rating of "Neutral", but their report shows a 'Big decision coming up' which has price sensitive impact on Share price:
�� ETSA is looking for 12.5% pa price increase on Monday (The Australian Energy Regulator (AER) is due to issue a draft determination on Monday, 30 November for ETSA (SKI 49%) for 2010-2015.)
�� Expected to set an industry benchmark
�� ETSA obviously won’t get all it is looking for
�� Valuation & Price Target $1.20 (up from $1.10)


Given that Spark Infrastructure Group is defensive in nature I probably should not have bothered selling out - but I don't like the risk over the weekend. Their wrapup looks impresive IMO: a stapled security that was listed in December 2005 by CKI. It owns a defensive portfolio of three regulated electricity distribution networks in Victoria and South Australia. This asset is internally managed and is 9.9% owned by CKI. Its investment managers are CKI and DBRREEF. Spark has a global mandate to invest in all types of regulated utility assets including electricity, gas and water.

Daily chart: