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Last A$1.86 AUD
Change Today +0.0125 / 0.68%
Volume 813.8K
SKI On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 9:30 PM 07/28/15 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$1.85
Day High
A$1.86
Day Low
A$1.83
52 Week High
02/12/15 - A$2.30
52 Week Low
10/13/14 - A$1.77
Market Cap
2.7B
Average Volume 10 Days
5.6M
EPS TTM
A$0.09
Shares Outstanding
1.5B
EX-Date
03/2/15
P/E TM
19.7x
Dividend
A$0.12
Dividend Yield
6.19%
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

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.

Deutsche Australia & UBS To Call EOI For TransGrid

NSW government, Deutsche Australia Limited and UBS AG, Australia Branch are preparing to call formal expressions of interest for TransGrid. There are eight known bidding camps, out of which only four or five expected to be taken through to TransGrid's auction. The biggest concern is engineers and each of the consortiums have either lined up or will line up technical engineering advisers, whose diligence will form the base of the eventual offer. The decision to choose four or five bidders is a difficult one. WorleyParsons Limited (ASX:WOR), sell-side advisor will release a report to bidders once confidentiality agreements are signed and the auction gets serious. A consortium including Hastings Funds Management Limited, Spark Infrastructure Group (ASX:SKI), Abu Dhabi Investment Authority, Caisse de dépôt et placement du Québec and Wren House Infrastructure is expected to be approved for the auction. QIC Limited, IFM Investors Pty Ltd along with Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) are expected to present a strong case. This most likely leaves only one spot for a China-backed consortium which could be- State Grid Corporation of China along with MIRA or China Southern Power Grid Co.,Ltd. with Global Infrastructure Partners or Singapore Power Ltd along with AusNet Services (ASX:AST).

Spark Infrastructure Group Announces Retirement of Cheryl Bart as Independent Director

Spark Infrastructure announced the retirement of Ms. Cheryl Bart from the Board of Spark Infrastructure effective from May 21, 2015. Ms. Bart has been an Independent Director of Spark Infrastructure since the IPO of the business in December 2005.

 

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SKI Competitors

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Company Last Change
AusNet Services A$1.34 AUD +0.0125
DUET Group A$2.16 AUD +0.01
Shougang Concord International Enterprises Co Ltd $0.42 HKD +0.005
TOM Group Ltd $1.65 HKD +0.06
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Industry Analysis

SKI

Industry Average

Valuation SKI Industry Range
Price/Earnings 18.0x
Price/Sales 8.3x
Price/Book 1.3x
Price/Cash Flow 18.8x
TEV/Sales 4.7x
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