I wouldn't expect AJL to get back into direct csm - they seem to be exiting direct investment. They already have considerable leverage over SGL's assets with the deals in place. By moving up the food chain in infrastructure deals there will be a requirement for higher working capital etc. Also of interest was their statement (Chairman's address) "we are currently working on a number of initiatives relating to geo-sequestration of CO2, geothermal “hot rocks” technologies and other non mainstream sustainable energy technologies such as tidal power." - will need some significant investment $$. But with consensus earnings for 2009 at 43cps I would be pleased to receive a dividend - could be declared to clear their franking credit account and still leave ample funds for growth.
AJL Price at posting:
$4.31 Sentiment: Buy Disclosure: Held
