Energy One Limited - what a brilliant stag that was.
Trouble is the management got found out a bit fast for the punters.
This co trades power in SE Qld. They have been hit from both sides with a reduction in available power due to water shortages pushing up prices beyond their hedging and on the other side by reduced demand due to a mild summer!
Still, they've been around the block a few times and management seem quite experienced.
This may well be a case of listingitis. The smart money seems to be picking up a company with a good customer base, good cash and cashflows and sound prospects (even if the immediate ones have been less than ideal, LOL!)
Floated at $1, traded to $1.15, its probably a bargain here at 75c!
Cheers,
EOL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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