alinta - an interesting story., page-4

Malfunction,
You are making some interesting points.
I'm not sure one can use PE ratio for ALN right now that the business is changing so much.

On the gearing side ALN is about to raise $125mil by way of RePS.

The funds raise are partly being used to buy back and cancel 36mil ALN shares currently held by WAGH.
This in turn will improve the earnings per share greatly.
The above is subject to shareholder approval at a general meeting 15 July.

Is ALN fully priced at these levels or at fair value. ??
Somehow I don't think so. I'm holding on for more.
Even with an 18% gain in two month I'm tempted to take profit, but I'll sit tight - this one is for the longer run I think.

As you mentioned: "they have an awesome asset stable, and expanding into cogeneration with Alcoa's alumina refineries."

Makes me feel the business model is in good hands and well developed.