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Last A$1.36 AUD
Change Today +0.005 / 0.37%
Volume 7.3M
AST On Other Exchanges
Symbol
Exchange
OTC US
Singapore
Frankfurt
As of 2:10 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

ausnet services (AST) Snapshot

Open
A$1.35
Previous Close
A$1.35
Day High
A$1.36
Day Low
A$1.34
52 Week High
04/16/15 - A$1.55
52 Week Low
12/1/14 - A$1.29
Market Cap
4.8B
Average Volume 10 Days
4.5M
EPS TTM
A$0.0066
Shares Outstanding
3.5B
EX-Date
06/9/15
P/E TM
205.3x
Dividend
A$0.10
Dividend Yield
7.05%
Current Stock Chart for AUSNET SERVICES (AST)

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ausnet services (AST) Details

AusNet Services engages in the electricity distribution and transmission, and gas distribution businesses in Australia. The company operates in Electricity Distribution, Gas Distribution, Electricity Transmission, and Select Solutions segments. It is involved in the distribution of electricity to approximately 679,000 consumer connection points over 80,000 square kilometers in Eastern Victoria, including outer Eastern suburbs of Melbourne. The company also distributes natural gas to approximately 647,000 consumer connection points over 60,000 square kilometers in Central and Western Victoria comprising Melbourne’s Western suburbs. In addition, it engages in the transmission of electricity from power stations to electricity distributors through its high voltage towers and transmission lines in Victoria. Further, the company provides utility related metering, data, and asset management services to businesses operating in the infrastructure sector, such as electricity, water, and gas utility owners, as well as telecommunications companies. The company was formerly known as SP AusNet and changed its name to AusNet Services in July 2014. AusNet Services is headquartered in Southbank, Australia.

ausnet services (AST) Top Compensated Officers

Managing Director, Executive Director, Member...
Total Annual Compensation: A$1.1M
Chief Financial Officer
Total Annual Compensation: A$731.3K
Chief Information Officer
Total Annual Compensation: A$458.3K
General Manager of Strategy & Business Develo...
Total Annual Compensation: A$338.0K
General Manager of Select Solutions
Total Annual Compensation: A$400.0K
Compensation as of Fiscal Year 2015.

ausnet services (AST) Key Developments

Singapore Power- AusNet Services Joint Bid For TransGrid Reportedly Worth $6 Billion

Singapore Power Ltd and AusNet Services (ASX:AST) were in talks to launch a joint bid for TransGrid last week. The bid is estimated to be worth approximately $6 billion, according to sources. Deutsche Australia Limited and UBS AG, Australia Branch have been appointed as advisors to manage the sale process which is expected to be completed by Christmas.

AusNet Services Announces Retirement of Ian Renard, Director

AusNet Services announced that as foreshadowed at the 2014 AGM, Mr. Ian Renard will retire as a Director at the conclusion of AGM on July 23, 2015 meeting.

AusNet Lead Bidder For TransGrid

AusNet Services (ASX:AST) is the lead bidder for TransGrid but is leaving its options open on whether it will bid alongside its major shareholders, Singapore Power Ltd and State Grid Corporation of China, or with other parties. Tony Iannello, AusNet’s Director leading the board subcommittee considering a bid, said that AusNet's experience and track record in running similar assets in Victoria placed it well to put forward a "competitive and compelling bid" for TransGrid, the first business to be sold off in the NSW government's $30 billion "poles and wires" privatization. Expressions of interest in TransGrid are due on July 14, 2015. Deutsche Bank and UBS are advising on the sale. TransGrid is worth about $9 billion. State Grid, which owns 19.9% of AusNet, is understood to have been in discussions with other potential bidders including Macquarie Infrastructure and Real Assets, Inc. Other consortiums include one of Spark Infrastructure Group (ASX:SKI), Hastings Funds Management Limited and Canadian and Middle Eastern parties. Australian Super is in a separate group with Borealis Capital Corporation and Canada Pension Plan Investment Board, while Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) is thought to be bidding alone. Other parties involved include China Southern Power Grid Co.,Ltd. with China Investment Corporation, and QIC Limited and IFM Investors Pty Ltd. "We believe foreign ownership will mean higher prices," said Steve Butler, NSW secretary of the Electrical Trades Union. Singapore Power and State Grid are being excluded from the work on the bid by AusNet and its adviser Citigroup until they decide whether they will participate in different groups. "We would dearly love them to support any bid that we put forward; what they decide to do is up to them," Tony Iannello said. He added: "We've had a lot of interest from a number of investors; given our strong operational capability it makes AusNet Services a prime target to lead any consortium. We're keeping our options open ... as we go through the bidding phase." Though he said AusNet could bid alone. "AusNet Services has got a very strong credit rating: We've got two major strategic investors and it has got access to a whole range of capital markets on the debt and equity side to be able to carry through on a bid," he said.

 

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AST:AU A$1.36 AUD +0.005

AST Competitors

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DUET Group A$2.19 AUD +0.04
ERM Power Ltd A$2.13 AUD +0.04
Infratil Ltd $3.25 NZD 0.00
Liquefied Natural Gas Ltd A$3.14 AUD +0.04
Spark Infrastructure Group A$1.90 AUD +0.05
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Industry Analysis

AST

Industry Average

Valuation AST Industry Range
Price/Earnings 100.0x
Price/Sales 2.4x
Price/Book 1.4x
Price/Cash Flow 11.3x
TEV/Sales NM Not Meaningful
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