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- 3 July 2009
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Absolutely nailed it, also why the $8b offer for the business was a joke, add to the operating profit, the underlying H.V infrastructure and it is worth a hell of a lot more IMO.That average which was 90 bucks last year, based on what is happening now, will most likely be more than double for this year, hence the free cash flow will also be significantly higher.
It might explain why the hyphenated ego wanted the demerger killed, as that cash generating would be needed to fund his plans to make AGL carbon nuetral.
Mick
Swap out the generating medium and you have a grid connected renewable site, that would no doubt receive Govt subsidies.