You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Spark Infrastructure (SKI) is an infrastructure fund with an objective to invest in regulated utility infrastructure, both within Australia and overseas. This includes electricity and gas distribution and transmission, regulated water and sewerage assets.
Strategy Analysis: SKI holds high quality monopoly assets with secure and predictable revenue. CitiPower and Powercor are two of five electricity distributors in Victoria while ETSA is the sole distributor in South Australia. Management holds a disciplined approach to acquisition and is focused on organic growth strategies. Organic growth opportunities in Victoria include the installation of 'smart meters´. Unregulated business includes external projects and maintenance for electricity transmissions and public lighting.
Over time, SKI will seek to develop a diversified portfolio which includes Australian as well as international regulated infrastructure assets. The company intends to target assets that provide diversification by asset class, geography and regulatory regime.
Spark Infrastructure Group reported NPAT of $173.85m for the year ended 31 December 2012. Revenues from ordinary activities were $299.76m, up 3.2% from last year. Diluted EPS was 13.1 cents compared to 6.22 cents last year. Net operating cash flow was $178.38m compared to $188.96m last year. The final dividend declared was 5.25 cents, taking the full year dividend to 10.5 cents compared with 10 cents last year. Looking ahead, each Asset Company is in the midst of a period of strong growth through the delivery of AER approved capital expenditure over the five years to 2015.
The Age 19/06/2013 |
The bullish sentiments on the sharemarket earlier this year have been challenged by a correction that has taken the All Ordinaries Index down about 10 per cent from its May highs. Many investors are now asking how deep the current correction is likely to be.
The Age 19/06/2013 |
Done well, value investing is a successful, safe way to invest. The logic of the approach - buying an asset for less than its underlying value - is irrefutable.
The Age 19/06/2013 |
Snowballing debts and no means to repay them ... going bankrupt is the last-ditch option for those in a financial hole too deep to climb out from.
The Age 19/06/2013 |
One of the weapons an individual has over institutions is time, and with real value emerging at the micro-cap end of the market, smaller stocks are an area worth holding on to.
The Age 19/06/2013 |
Spending 10 days in Japan gives one a good overview of what they call "Abenomics" and its impact, and that includes also being here for one of the biggest drops on the Japanese market in weeks.
The Age 19/06/2013 |
Lend Lease has moved to allay investors' concerns with the issue of a formal profit guidance of between $540 million and $550 million for the full year, despite the weakness in the construction sector.
Already a member? 
$ 1.715
