ALN alinta limited

ALN is an interesting story. The company is currently undergoing...

  1. 635 Posts.
    ALN is an interesting story.
    The company is currently undergoing major changes in the way it operates.
    ALN is on a steep growth curve and it is reasonable to expect it will continue its current strategy of improved shareholder value - read increased share price.

    Two months ago, mid April, ALN was selling at around $4.50 before a major announcement together with AMP Henderson which, when in place, will see ALN as operator, manager and part owner of approx. $4Bil worth of energy assets.

    Today ALN is changing hands at $5.84 and it is hard to see anything stopping this.
    The chart is 'up and away'. The sellers are not lining up to get to market and the institutions, who bought at $4.50 recently, are not selling. In fact supply on the ask side is quite low.

    Any informed comments please ?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.