Just in case you dont understand-
SKI's income comes from regulated cash flows since its a monopoly. One of the conditions is that they have a 60% gearing - also.. returns on their debt is guaranteed at 11% due to the RAB provisions.
Do some reading and you'll find out that cash flows are very sustainable.
underlying EPS is actually around 18cps - eventually once capex is complete (3-5years) - expect these to come to shareholders as dividends
around 18% yield on a defensive regulated utility is not bad eh
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