weirdest annual report for an ASX company I have ever seen; reads like a year 8 project (and a lower end public school)
I am waiting for some indication of the profitability of one of their BOO mini solar farms; I really like the concept... many mini BOOs here there and everywhere... and with batteries; but the concept needs to be profitable; they should tell us, honestly
one point I learned from the report which is kind of amazing for a company of this size and share price
they could actually do a cap raise and pay that cap raise back out as a special dividend to release franking; I am sure they will not do that, but in the infrastructure space with big depreciation allowed usually (future) dividends are without franking; this 3.4 cents per share asset is quite substantial, and means future dividends will be franked; this franking balance is very, very good news in my opinion
MPR Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
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