aet&d, page-70

Seems like prices are very much at the bottom end of 2009 valuations when GFC was full on.

Would have therefore expected significantly higher prices, particularly in light of the recent WAGN increase in regulated charges.

Also noticed DUET article p41 in today's AFR which said 2 other bidders apart from ATCO - which I would have thought would have pushed prices along.

But from the various analysis in the earlier posts it seems we are very much looking at the very minimum return for BEPPAs.

Would seem to me that the improved asset price that IMHO should have been delivered to BEPPA holders (as the asset owner) has been "lost" in the swap of assets between ATCO and DUET.

AFR article states Merrill Lynch "....the deal looked attractive for DUET from a strategic, price and earnings upside point of view".

mmmmmmmm....interesting.

All speculation on my part, but I'm not feeling overly enamoured with how the deal is shaping up but will reserve decision until the full details are provided.