Ann: ERM Power Limited - Closure of IPO , page-2

Suggest that anybody slightly interested in the power game read the prospectus cover to cover. This is an exciting company. Good press in the Fin today. On the basis of the announcement they look to have their forecasts for FY11 and FY12 in the bag. The power game is a growth story for Australia and the gas fired power stations that these guys specialise in are a gorwth story within a growth story. Hopefully some stock is available at a reasonable price in the aftermarket. It is great to see an option in this space other than Origin and AGL which IMHO are overpriced and do not offer the same growth. Only complaint is that these guys should not bother with the dividend - if you can get the growth they do in the ERM Sales business, why pay a dividend?