AEJ 0.00% $8.00 redbank energy limited

I don't think current trading has any meaning as the volume is...

  1. 1,981 Posts.
    I don't think current trading has any meaning as the volume is pretty low. No major shareholder is selling. I won't be too worried and wait for their half yearly report which will shed light on to their future earnings. The fact that they have predicted same EBTIA this year even after NWSV price increase tells me that future earnings are going to increase as prices of electricity & gas retail will go up. They obviously want to reduce debt, hence cap raising or selling asset will be of benefit.

    Now that the major risk is averted, I wouldn't be too worried about daily trading activities.
 
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