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Last A$1.50 AUD
Change Today +0.03 / 2.04%
Volume 3.7M
AST On Other Exchanges
Symbol
Exchange
Singapore
OTC US
Frankfurt
As of 2:10 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

ausnet services (AST) Snapshot

Open
A$1.47
Previous Close
A$1.47
Day High
A$1.50
Day Low
A$1.46
52 Week High
04/16/15 - A$1.55
52 Week Low
12/1/14 - A$1.29
Market Cap
5.2B
Average Volume 10 Days
4.4M
EPS TTM
A$0.02
Shares Outstanding
3.5B
EX-Date
11/21/14
P/E TM
66.7x
Dividend
A$0.10
Dividend Yield
6.37%
Current Stock Chart for AUSNET SERVICES (AST)

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ausnet services (AST) Details

AusNet Services is engaged in the electricity distribution and transmission, and gas distribution businesses in Australia. The company operates in four segments: Electricity Distribution, Gas Distribution, Electricity Transmission, and Select Solutions. The Electricity Distribution segment is involved in the distribution of electricity to approximately 650,000 consumer connection points over 80,000 square kilometers in eastern Victoria, including outer eastern suburbs of Melbourne. The Gas Distribution segment distributes natural gas to approximately 602,000 consumer connection points over 60,000 square kilometers in central and western Victoria comprising Melbourne’s western suburbs. The Electricity Transmission segment is engaged in the transmission of electricity from power stations to electricity distributors through its 12,800 high voltage towers and approximately 6,500 kilometers of transmission lines in Victoria. The Select Solutions segment provides metering, data, and asset management solutions, including integrated mobile and spatial technologies to businesses operating in the essential infrastructure sector, such as electricity, water, and gas utility owners, as well as transportation authorities and telecommunications companies. The company was formerly known as SP AusNet and changed its name to AusNet Services in August 2014. AusNet Services is headquartered in Southbank, Australia.

Founded in 2004

ausnet services (AST) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: A$1.1M
Chief Financial Officer and General Manager o...
Total Annual Compensation: A$759.3K
General Manager of Strategy & Business Develo...
Total Annual Compensation: A$345.1K
General Manager of Service Delivery
Total Annual Compensation: A$431.5K
General Manager of Asset Management
Total Annual Compensation: A$415.9K
Compensation as of Fiscal Year 2014.

ausnet services (AST) Key Developments

New South Wales Government To Privatize Its Electricity Network

New South Wales (State of) plans to privatize its electricity network for which it has received bids from Wren House Infrastructure Management Limited, Caisse de dépôt et placement du Québec, Abu Dhabi Investment Authority, Spark Infrastructure Group (ASX:SKI), Hastings Fund Management (USA) Inc. It is said that AusNet Services (ASX:AST) has also joined the group of bidders.

AusNet Reaches $300 Million Settlement

AusNet has announced it has reached a $300 million settlement with the Marysville victims of the Black Saturday bushfires. The agreement, which was subject to court approval, came on the eve of the sixth anniversary of the bushfires and just before a class action trial was due to begin in Victoria's Supreme Court. Forty people died and an estimated 500 homes were destroyed when the blaze, also known as the Murrindindi fire, broke out on February 7, 2009. The class action, run by law firm Maurice Blackburn, alleged the fire was sparked by a break in an electrical conductor on a power pole near the Murrindindi Saw Mill.

Supreme Court of Victoria Approves the Settlement of Kilmore East Bushfire Class Action

Justice Osborn handed down judgment in the Supreme Court of Victoria to formally approve the settlement deed agreed by the parties to the Kilmore East Class Action on 15 July 2014. Under the terms of the settlement, the parties involved in the litigation have paid approximately $494.7 million, with contributions made in the proportions of AusNet Services is ­ $378.6 million; Victorian State Parties is $103.6 million; Utility Services Corporation Ltd. is $12.5 million. AusNet Services' liability insurers have paid all of AusNet Services' contribution. It is estimated that the contribution paid by AusNet Services' insurers is between 22% and 35% of the total losses suffered and costs incurred by those affected by the Kilmore East Bushfire. The settlement was reached without admission of liability by AusNet Services or any other party. AusNet Services remains a party to the Murrindindi Bushfire Class Action proceeding and intends to vigorously defend that claim. Notwithstanding the settlement of the Kilmore East Bushfire Class Action, AusNet Services considers that its insurance and, if required, a claim to the regulator for pass-through of residual costs ultimately incurred in relation to the Murrindindi proceeding, should be sufficient to cover AusNet Services' liability, if any, associated with the Murrindindi bushfire. However, the ultimate resolution of this matter cannot be known with certainty.

 

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AST:AU A$1.50 AUD +0.03

AST Competitors

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Company Last Change
DUET Group A$2.58 AUD +0.01
ERM Power Ltd A$2.54 AUD +0.05
Infratil Ltd $3.13 NZD +0.02
Liquefied Natural Gas Ltd A$4.80 AUD +0.65
Spark Infrastructure Group A$2.00 AUD +0.02
View Industry Companies
 

Industry Analysis

AST

Industry Average

Valuation AST Industry Range
Price/Earnings 59.6x
Price/Sales 2.5x
Price/Book 1.4x
Price/Cash Flow 10.4x
TEV/Sales NM Not Meaningful
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