AEB affinity energy and health limited

I'm surprised to see AEB hasn't dropped more than it has this...

  1. 5,902 Posts.
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    I'm surprised to see AEB hasn't dropped more than it has this morning. Abbott has made clear that one of the first things on the agenda once sworn in as PM is to abolish the carbon tax. Obviously that harms AEB's economics substantially. Sure, before 4.10pm on Friday most holders and potential buyers would have been expecting the outcome we saw on Saturday night, but there was always some doubt, and the landslide was heavier than most would have expected, giving Abbott's government more power and likely a very long term.

    The SGS results, (if they ever come!) aren't so meaningful now without a carbon tax.

    Since last year I have been expecting AEB to go sub 15c, and this certainly makes me more confident. Abbott's government is obviously a lot less green and less inclined to give handouts to ventures like AEB. Mac Gen is no doubt thrilled about the change of government, but perhaps now regrets taking on the deal with AEB. It will be interesting to see how things develop.
 
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