Its interesting to see the price keep pushing up when the serious buyer drops back to $5.04. Once would assume that its better to let the price fall back down and accumulate once it has fallen. The buyers who have pushed up the price are only small.
Im hoping that they go away and let the SP drop so that I can step in again and buy some more.
I suspect we will not hear any news for the next 3 months that will make the SP move either way. Until the contractual discussions with Ausgrid are resolved the price shouldnt be doing anything. If the dispute is resolved then the price should move up significantly.
Lets keep in mind that the NTA is around $44.89. this is basically valuing the business on an EBITDA multiple of around 8.55 on a bad year. The busienss should be delivering around $28.3m in EBITDA providing an additional $21.74/share in value
AEJ Price at posting:
$5.95 Sentiment: Hold Disclosure: Held
