LPE 3.85% 13.5¢ locality planning energy holdings limited

Main points I caught were: Cutting costs right back - by end of...

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  1. 1,744 Posts.
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    Main points I caught were:
    • Cutting costs right back - by end of July expect to have halved staff costs.
    • AEMO weren’t happy with them but no risk of fines or issues.
    • Wont be getting back into B2C market.
    • Hedge payments settle weekly from here but all have been locked in at a price prior to the AEMO halting the market.
    • Will get financing based on their cash flows from the hedges for an upfront amount to pay off Blackrock. Expect announcement within next month.
 
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