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Last A$1.85 AUD
Change Today -0.03 / -1.60%
Volume 4.9M
As of 2:11 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

spark infrastructure group (SKI) Snapshot

Open
A$1.86
Previous Close
A$1.88
Day High
A$1.89
Day Low
A$1.83
52 Week High
02/12/15 - A$2.30
52 Week Low
08/25/15 - A$1.70
Market Cap
2.7B
Average Volume 10 Days
7.3M
EPS TTM
A$0.06
Shares Outstanding
1.5B
EX-Date
09/2/15
P/E TM
33.5x
Dividend
A$0.12
Dividend Yield
6.37%
Current Stock Chart for SPARK INFRASTRUCTURE GROUP (SKI)

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spark infrastructure group (SKI) Details

Spark Infrastructure Group invests in regulated electricity distribution businesses primarily in Australia. The company operates in three segments: Victoria Power Networks, SA Power Networks, and Other. It owns interests in the SA Power Networks that operates and maintains an electricity distribution network serving approximately 843,000 customers in South Australia. The company also has interest in CitiPower, which owns and operates a distribution network that supplies electricity to approximately 323,000 customers in Melbourne’s CBD and inner suburbs; and Powercor Australia, which owns and operates an electricity distribution network that serves approximately 754,000 customers in central and western Victoria, as well as the Western suburbs of Melbourne. Spark Infrastructure Group is based in Sydney, Australia.

spark infrastructure group (SKI) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$1.0M
Chief Financial Officer
Total Annual Compensation: A$551.7K
General Counsel and Company Secretary
Total Annual Compensation: A$364.7K
Compensation as of Fiscal Year 2014.

spark infrastructure group (SKI) Key Developments

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.

Spark Infrastructure Group Announces Interim Distribution for the Fiscal Year 2015, Payable 15 September 2015; Provides Distribution Guidance for the Fiscal Year 2016

Spark Infrastructure Group declared interim distribution of 6.0 cents per share, in line with fiscal year 2015 guidance of 12.0 cents per share up 4.3% on 2014. This is in line with the previously provided distribution guidance of 12.0 cents per share for 2015, which represents an increase of 4.3% on 2014. The dividend will be payable 15 September 2015 to the recorded shareholders on 4 September 2015 and the ex-date is 2 September 2015. The Directors of the company have also provided distribution guidance for 2016 of 12.5 cents per share, subject to business conditions - an increase of 4.2% on 2015. The Directors remain confident of continuing to grow distributions across the next regulatory periods.

Spark Infrastructure Group Reports Earnings Results for the Half Year Ended June 30, 2015

Spark Infrastructure Group reported earnings results for the half year ended June 30, 2015. For the period, the company reported total income of AUD 136,900,000 compared with AUD 175,341,000 for the same period last year. Profit before loan note interest and income tax was AUD 130,333,000 compared with AUD 166,078,000 for the same period last year. Net profit attributable to the stapled security holders was AUD 39,176,000 compared with AUD 88,988,000 for the same period last year. Operating cash flow AUD 101,162,000 or AUD 2.670 compared with AUD 86,677,000 or AUD 6.60 for the same period last year. Underlying total income was AUD 146,901,000 compared with AUD 144,599,000 for the same period last year. Underlying profit before loan note interest and income tax was AUD 140,334,000 compared with AUD 135,336,000 for the same period last year. Underlying net profit attributable to the stapled security holders was AUD 70,832,000 compared with AUD 67,469,000 for the same period last year.

 

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Industry Analysis

SKI

Industry Average

Valuation SKI Industry Range
Price/Earnings 32.0x
Price/Sales 10.0x
Price/Book 1.3x
Price/Cash Flow 31.9x
TEV/Sales 5.7x
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