NEW 0.00% 6.3¢ new energy solar limited

Ann: Half Yearly Report and Accounts, page-4

  1. 12,595 Posts.
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    Try $1.60 pre IPO

    I was sold an absolute crock of shite.

    The 15 year PPA's (yes 15 yrs back then) were supposed to protect the value of the investment and deliver a reliable 5%-6% distribution that would have grown moderately over time.

    The potential impact of 30 year USA electricity futures was not mentioned or even on the horizon.

    I would sue these guys if i had enough time left but that is another issue. These guys have damaged a lot of retiree's superannuation asset base.

    Also you better question management how they are going to fund the massive replacement program of solar cells when performance starts to degrade, not long for that either.
 
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