... as mentioned by others. What is Planet Power and why did it have to be written down.
Meanwhile, today announced the purchase of Neighbourhood Energy from Alinta Energy for $24.9M. Funding from existing cashflow and loan to a newly established CBD subsidiary on the basis that it will be non-recourse to the rest of the
CBD group of companies. That sounds like a great deal. However, what is not said is how profitable is N'hood Energy - if at all. And why is Alinta selling? Anyone following Alinta?
It can't be said that Mark, Gerry and team have been sitting on their hands.
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