the big smackeroo

I have no idea what this huge dump is about, but I am in at 86c for a small parcel.

Utility investments.

39% South East Water UK.

100% Epic energy Aus, 3 gas pipelines, built QSN link, linking QLD, NSW, SA (VIC) pipelines, key for CSM supply to south.
50.8% geared, covenant 65%.
Refi $60 200908, $110 201006 (TAPS Hybrid), $400m 2011. hedged FX and interest rates to protect distributions.

Underlying NPAT $25m?
Divs 28c FY09?, paid quarterly.