so Greencape/Challenger have bought 4m of the 5m traded on Monday.
they paid about 16.3c p/s - yet in Feb they were buying at about 19.5c.
only difference is write-off of that $25m cost over-run on Minerva abandonment, and the Trump mania going on now.
I still think AEL is mostly quarantined from all this mayhem - because AEL business is all domestic.
Changes in oil price, and LNG price would have limited effect on AEL = maybe only LNG pricing when and if customers may be able to obtain gas supply from the upcoming LNG import terminals??
Orbost is currently operating around 68tjd at the moment.
Steady as she goes.
I wonder what the Mitsui sale price of East Coast assets - how that reflects on the value of AEL ????
At some point at these prices, I still think AEL would offer an attractive acquisition.
AEL Price at posting:
16.5¢ Sentiment: None Disclosure: Held
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