An article in yesterday's AFR, page 16, regarding the potential sale of Alinta power stations and the demise of Alinta, AEJ, may weigh on IFN sentiment for a while and may disturb potential IFN investors due to the governance arrangements around the wind farms and wind assets.
It seems incredible that in Australia, major power assets can be sold without reference to sholders. How can any holder in IFN have any security that the wind farms will remain in IFN hands given the debt levels?
The corporate governance around IFN may be being explored.
IFN Price at posting:
87.0¢ Sentiment: Sell Disclosure: Not Held
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