re: Ann: ETSA Utilities completes debt refina... SPARK INFRASTRUCTURE GROUP has had a number of price sensitive announcements recently, and the share price has been consistently grinding higher. I like the defensive sector and the wrap UBS give it after the "ETSA draft decision a positive outcome" & the 12-month rating Buy because:
Prices to increase by 14% in 2010/11
A healthy cost of debt margin
Estimates unchanged for now
Valuation & Price Target - $1.35
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