letter from spn investor relations

Recenlty i wrote to SPN, just to confirm a few things, and to see what they think about the current share price, and what activities they have been up too...this is what i received ( i have X'ed out all names in the email)...

"Thank you for your email XXXX and your continued support of SP AusNet. Our distribution guidance for the full year is approximately 8.0 cents per security. As with prior years, we would expect this distribution to be split evenly between the interim and the final distribution.

We are certainly mindful of the security price of late and the comparative performance with the broader market. In terms of the future for SP AusNet, organic growth on the networks has continued to be strong, with high levels
of demand for energy infrastructure from new housing developments within our distribution network areas and the continued roll-out of gas infrastructure to rural towns. New renewable energy and gas fired generation connections on the transmission network will also ensure growth
in our Regulated Asset Base, providing improved revenues in future periods.
We also expect our niche services business to contribute increased revenues over the long term. We continue to differentiate SP AusNet from our peers and believe the sustainable nature of our business will be recognised and
valued by investors.

Kind regards,
XXXXXXXXX

XXXXXX XXXXXXX
Manager, Investor Relations
SP AusNet
Level 31, 2 Southbank Boulevard
Southbank, Victoria 3006
Ph: + 61 3 9695 6633
Fax: + 61 3 8635 7286
Mob: + 61 421 387 687




Its good to see they are aware of what invesors are concerned about...good to see they take the time of day to get back to shareholders...

$0.08 divi for the financial year...at current share price thats over 10% return...beats any bank....