ERM Power - 30% dividend hike a strong positive signal
At its H119 results, ERM Power sent a strong positive signal about the outlook for its Electricity Retail business, upgrading its medium-term gross margins per unit by c 10%. The c 30% dividend hike, the additional 3c/share special dividend and A$60m reserved for investments in growth also show the balance sheet and the cash flow are strong.ERM Power is engaged in the electricity sales to businesses in Australia and the United States of America; the generation of electricity; and the energy solutions. Co.'s segments include Business Energy Australia, which provides electricity sales to business customers in Australia; Business Energy US, which provides electricity sales to business and residential customers in the U.S.; Generation Assets, which provides gas-fired power generation assets and delivery of power generation solutions; and Other, which provides gas, metering, data analytics and lighting solutions.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.