thx for this, a great run down. Went to the AGM today, it is an interesting situation. Aside from the obvious risks related to regulation and being over geared, I didn't appreciate that they will be in lender lock-up until 2018 (at the earliest), and probably until 2022. As such, even with a decent settlement/favourable ruling with Ausgrid, no cash flows will be available to equity holders for up to 10yrs. But it is certainly one to keep an interest in, a very binary outcome.
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thx for this, a great run down. Went to the AGM today, it is an...
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