Ann: FY17 Interim Financial Results, page-2

I am happy with this result. No big moves on the share price today, so it must be in line with institutional expectations.

No clearing of the decks with big write-downs by the incoming CEO.

Debt down $37m.
I do wonder at the continued $US and Euro borrowings when all revenues are in $A - a complication the business could do without.

Near-term Projects:
Bodangora wind 113MW FID in second half FY17 - ie by June 30.
Forsayth wind 70 MW
Capital Solar 50 MW
Cherry Tree wind 45-55MW

FY17 Guidance EBIDTA $140m, so more and accelerated debt payment. Refinancing must be close.

Installing a battery set of any size on Lake Bonney or Capital (with ACT incentives) looks an obvious move to this outsider.

GLTAH

Ash