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Last A$1.32 AUD
Change Today -0.01 / -0.75%
Volume 7.0M
AST On Other Exchanges
Symbol
Exchange
OTC US
Singapore
Frankfurt
As of 2:10 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

ausnet services (AST) Snapshot

Open
A$1.33
Previous Close
A$1.33
Day High
A$1.34
Day Low
A$1.30
52 Week High
04/16/15 - A$1.55
52 Week Low
08/25/15 - A$1.22
Market Cap
4.6B
Average Volume 10 Days
6.4M
EPS TTM
A$0.0066
Shares Outstanding
3.5B
EX-Date
06/9/15
P/E TM
200.0x
Dividend
A$0.10
Dividend Yield
7.24%
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

NSW Treasury Sifts Through Six Bids For TransGrid

AusNet Services (ASX:AST) is understood to have dropped out of the race for TransGrid, after failing to lodge a bid with the New South Wales (NSW) government. Industry sources said AusNet was expected to sit out the first leg of the three-part poles and wires privatization process, after failing to agree to terms with its largest shareholders and other potential bid partners. Street Talk understands six indicative bids for TransGrid were lodged at Deutsche Bank. The government is expected to shortlist four or five parties for further diligence and the auction's binding bid phase within the next week. It's understood bidders were not provided with any guidance on the shortlisting process, but were told the second round would be up and running in early September 2015. Final bids are scheduled for mid-November and the government is seeking to have the 99-year lease finalized by the end of the year. NSW Treasurer Gladys Berejiklian told Street Talk, ''A strong field of parties have lodged indicative bids for the long-term lease of TransGrid. The state's transaction team will now move to shortlist qualified parties for the lodgement of binding bids due in the coming months.''

Indicative Bids For TransGrid Placed

Six groups from four continents placed indicative bids on August 27, 2015 for TransGrid, a source told Reuters. The sale is valued about $12 billion. "A strong field of parties have lodged indicative bids for the long-term lease of TransGrid," NSW Treasurer Gladys Berejiklian said. A source with direct knowledge of the process told Reuters that five consortia bid and that the status of a sixth, including another electricity company, AusNet Services (ASX:AST), Singapore Power Ltd and State Grid Corporation of China was uncertain. An Ausnet spokesman confirmed the company had previously lodged a formal expression of interest but declined comment further. Other bidders included IFM Investors Pty Ltd, with QIC Limited, the source said. Another consortium to bid was Hastings Funds Management Limited, Spark Infrastructure Group (ASX:SKI), Abu Dhabi Investment Authority and Wren House Infrastructure Management Limited, with Caisse de dépôt et placement du Québec, the source said. A fourth bidder was Canadian pension fund investor Borealis Capital Corporation, Canada Pension Plan Investment Board and AustralianSuper Pty Ltd, the source said. Global Infrastructure Partners and China Southern Power Grid Co.,Ltd. joined up for a bid and Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) bid alone, the source added. State treasurer Berejiklian said the government "will now move to shortlist qualified parties for the lodgment of binding bids which will be due in the coming months". UBS AG and Deutsche Bank are handling the sale.

AusNet Reportely Seeking Partner In TransGrid Race

AusNet Services (ASX:AST) is believed to be considering a partnership with a financial backer in its quest to remain in the contest for TransGrid. According to sources, AusNet is in talks with non-operators potentially interested in some financial exposure to TransGrid. Indicative bids for TransGrid are due August 27, 2015. There is widespread speculation that AusNet will be out of the contest unless it can find a funding solution.

 

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AST Competitors

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DUET Group A$2.16 AUD +0.02
ERM Power Ltd A$2.26 AUD -0.01
Infratil Ltd $3.03 NZD +0.01
Range Resources Corp $38.33 USD +0.32
Spark Infrastructure Group A$1.97 AUD -0.01
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Industry Analysis

AST

Industry Average

Valuation AST Industry Range
Price/Earnings 100.0x
Price/Sales 2.3x
Price/Book 1.3x
Price/Cash Flow 10.9x
TEV/Sales NM Not Meaningful
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