Report
Adrian Atkins

A solid yield, underpinned by regulated cash flow and sound balance sheet, is attractive.

AusNet Services' investor day highlighted the work the firm is doing to adapt to the changing technological and regulatory landscape. Its focus is on strengthening its transmission network in Western Victoria to accommodate new wind farms, stripping out costs in the electricity distribution business, trialling micro-grids and solar+battery solutions, encouraging greater utilisation of its gas network, and growing the unregulated asset base. These strategies are sensible, but we still view the lo...
Underlying
AusNet Services Limited

AusNet Services is an energy delivery business. Co. operates in four segment: electricity distribution, which delivered electricity to over 690,000 customer connection points in eastern Victoria including Melbourne's outer eastern suburbs at Mar 31 2016; gas distribution, which delivered natural gas to over 660,000 customer connection points in central and western Victoria including some of Melbourne's western suburbs at Mar 31 2016; electricity transmission, which is engaged in the transmission of electricity within the state of Victoria; and select solutions, which provides metering, asset intelligence and telecommunication solutions to the utility and infrastructure sectors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Adrian Atkins

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