Australian Renewable Fuels is going gangbuster this morning - up...

Australian Renewable Fuels is going gangbuster this morning - up 17cents to $1.59. This is good news indeed for AMU as it holds 31.73% of ARW. At $1.59, this values ARW at around $171 million and means AMU's share of that represents just under $55 million. In other words, its ARW holding is alone worth around 35 cents a share. Makes the balance of AMU look pretty damned cheap to me.

Expect AMU to tick up on the back of ARW strength.