NEW debt to assets is about 45% which is below their max target of 50%. If for example you compare to Transubran, we are below their ration which is just above 50%.
NEW has another positive factor for their financial performance, that majority of their assets are in US and so are their profits in US$ (US$ ratio to A$ is also going up)
IMO, growing awareness of solar farms business potential and also growing attention to environmental impact will attract some serious interest in NEW.
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- Ann: Acquisition of second Australian asset
Ann: Acquisition of second Australian asset, page-6
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Peter Batten, MD
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