1. Colin Barnett had mentioned about alinta is an very important energy company in WA. he would like the issues to be sort out quickly over the weekend. Government usually do not get involve with such mass. They will only get involve if the business really go under will cause major uncertainty/destructive for state?s economic and operation issues. That is 600,000 residential and 140,000 business customers which included BHP and many big gas users in WA. 30% power generation for SA. 2. Part of media speculation mentioned ?even partial administration will be huge value destructive?. 3. From last weekend?s senior lenders? frantic talks. TPG trio are agreeing to compromise.
These are indicators of all stakeholders are agreeing that alinta is better off to avoided administration. To refloat it with less debt and make it another ?TXU?.
AEJ Price at posting:
5.8¢ Sentiment: None Disclosure: Held
