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12/11/08
13:32
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Thanks for the figures relaxan....
My estimates give me $2.8B for the power generation assets plus an additional $1.15B for the Alinta retail business after $400M right down.
Thats assets of $3.95B against a debt of $2.9B which is about $1.40 per share.
As these are hard assetts, the replacement cost is not that fexible even if there is a market downturn but Possible to discount by 10-15%........
Either way sub 10c dosn't make sense no matter how you evaluate the portfolio.....
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