I was expecting a bit of a kicker from the revaluation of the PPHA noting that this is merely non-cash but it would have been good to show a net asset position at the end of the day!
We have to all remember that AEJ was almost buried back in early Jan13, and given the planned outage in October (rightly pointed out by bottomfeeder1) the results don’t fair that badly.
From the operating stats I derived from the AEMO data, 2nd half operations are around 2.2% higher than first half. So looking forward, the company seems to be well positioned barring any left field event such as Lenders throwing in their lunch box…
Tomorrow will be very interesting given that there will most likely be a lot of sellers and a lot of buyers so this may provide us with some opportunities to top up at around the $10-$30 range (fingers crossed!!!).
AEJ Price at posting:
$8.55 Sentiment: Hold Disclosure: Held
