..too much energy spent on negative what ifs trying to find faults with ETC's customers.
You need to realise the profit guidance was made 15 months prior - where else can you find this level of confidence in a company's clients and knowing they will pay like clockwork.
Let's just stick to FACTS -
1. ETC keeps reconfirming and repeating its profit guidance and the $48 mill NPAT doesn't even include or includes very little of the Chinese gas deal.
the $48 mill (or very close to) is therefore in the bag.
2. This profit guidance was made 15 months before - so the only joining of dots to make is the clients are reliable payers.
3. therefore FY2010 should be even better with Chinese gas deal contributing - and according to analysts $80 mill NPAT plus.
ETC Price at posting:
36.5¢ Sentiment: LT Buy Disclosure: Held
