DUET Group - australische Utility-Assets - 500 Beiträge pro Seite

[R-BgO]

... mit aktuell ca. 12% Ausschüttung: 20c p.a.

[R-BgO]

!

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[x1960]

Antwort auf Beitrag Nr.: 40.817.866 von R-BgO am 07.01.11 11:27:55

sind ganzschön zurückgekommen im Kurs, gibt es dafür Gründe ?

Danke

[R-BgO]

Antwort auf Beitrag Nr.: 41.200.015 von x1960 am 14.03.11 16:28:27

HJ-Zahlen waren um etwa ein Drittel Schwächer als im VJ; und S&P hat was am Credit Rating zu mosern:http://www.duet.net.au/duet/news/attachments/ASX_S_and_P_22_…

Ob das die wirklichen Gründe sind?

Keine Ahnung...

[R-BgO]

und Moody's sagt was zu 'ner Tochter:

Rating Action: Moody's lowers WA Network Holding's rating to Baa3; outlook negative
Global Credit Research - 01 Mar 2011

Sydney, March 01, 2011 -- Moody's Investors Service has today lowered the underlying rating of WA Network Holdings Pty Ltd's (WANH) to Baa3 from Baa2. This concludes the rating review for possible downgrade initiated on December 30, 2010. The outlook on the rating is negative.


RATINGS RATIONALE
The rating action follows the release of Economic Regulation Authority's (ERA) final regulatory revenue decision for WANH, which will set the
network tariff for the company's regulated gas network for the four-and-a-half year period ending 30 June 2014.

"The rating action reflects the expected weakening in WANH's financial metrics following the tariff decision," says Spencer Ng, a Moody's
Analyst, adding "based on the approved tariff profile, the company's financial profile is expected to deteriorate over the upcoming regulatory
period to a level that is consistent with a Baa3 rating."

WANH's underlying Baa3 rating continues to reflect its robust business risk profile which supports its investment grade rating and which is
underpinned by the stable revenue and predictable cash flow generation from its monopoly-like distribution network.

"The negative outlook reflects WANH's weak liquidity profile, with around $387 million of WANH's drawn facilities maturing in the second half of
2011", Ng says. The rating could be pressured if the company does not refinance its debt in a timely manner. Moody's notes that $137 million of
debt is due to mature in September 2011, and another $250 million in October 2011.

"Moody's understands that WANH is currently undertaking initiatives to refinance its debt", Ng adds.
Furthermore, WANH's credit profile is clouded by a potential change in its shareholder structure due to plans by Prime Infrastructure Group
(unrated) to sell its 74.1% interest in the company. This could introduce additional uncertainty over the strategic direction of the company and its
long-term capital structure. This issue is important for WANH's credit profile considering the dividend reinvestment support which it is reliant
upon to maintain a financial profile which is appropriate for its Baa3 rating.

The Baa3 rating could face downward pressure if the financial profile deteriorates such that FFO/Total Interest falls below 1.4-1.5 times, and
Debt/Regulated Asset Base exceeds 100%, on a consistent basis.
On the other hand, the outlook on the Baa3 rating could return to stable if i) WANH successfully refinances its upcoming debt maturities within a
timely manner, ii) changes in shareholding structure do not lead to a weakening in WANH's credit metrics over time below the levels highlighted
above.

The existing credit-wrapped ratings on WANH's medium term notes are unaffected by this rating action.
The principal methodology used in this rating was Regulated Electric and Gas Networks published in August 2009.

WANH is a gas distribution network owner based in Western Australia, Australia. The company is controlled by 74.1% by Prime Infrastructure
Group (unrated), with the remaining 25.9% owned by Diversified Utilities and Energy Trusts (unrated).
REGULATORY DISCLOSURES
Information sources used to prepare the credit rating are the following: parties involved in the ratings, public information, and confidential and
proprietary Moody's Investors Service information.

Moody's Investors Service considers the quality of information available on the issuer or obligation satisfactory for the purposes of maintaining a
credit rating.

Moody's adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources
Moody's considers to be reliable including, when appropriate, independent third-party sources. However, Moody's is not an auditor and cannot in
every instance independently verify or validate information received in the rating process.
Please see ratings tab on the issuer/entity page on Moodys.com for the last rating action and the rating history.

The date on which some Credit Ratings were first released goes back to a time before Moody's Investors Service's Credit Ratings were fully
digitized and accurate data may not be available. Consequently, Moody's Investors Service provides a date that it believes is the most reliable
and accurate based on the information that is available to it. Please see the ratings disclosure page on our website www.moodys.com for
further information.

Please see the Credit Policy page on Moodys.com for the methodologies used in determining ratings, further information on the meaning of
each rating category and the definition of default and recovery.

[x1960]

Dnke für deine Einschätzung

[R-BgO]

19 August 2011
ASX RELEASE
FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2011
DUET Group (DUET or the Group) today announced its results for the financial year to 30
June 2011.


Proportionately consolidated results versus the prior corresponding period

1
• Revenue of $1,059 million, up 7%
• EBITDA of $641 million, up 7%
• Cash available for distribution of 17.5 cents per stapled security

2
• EPS of 21.9 cents per stapled security, down 11%, covered the declared FY2011
distributions by 109%


DUET’s statutory net result of $188.4 million was up 8% on the prior year.
Mr David Bartholomew, Chief Executive Officer of DUET said: “It has been a solid year for
DUET, with our portfolio of regulated utility assets delivering strong growth in both
proportionate revenue and EBITDA. Pleasingly, this growth was achieved despite
proportionate earnings being affected by higher maintenance capital expenditure and
increased interest expense at our asset companies.”

[R-BgO]

letzte Woche kam die erste Zahlung:

-aufgeteilt in 4 Teilbeträge, alle mit unterschiedlicher Quellensteuer;
-netto bezogen auf meinen Einstand 4,56%
- mal 2 Zahlungstermine pro Jahr wären immerhin 9,12%

allerdings soll die Bruttoausschüttung wohl von 2x10c auf 2x8c gesenkt werden; wären dann aber immerhin noch 7,3% nach Steuern; auch nicht schlecht, aber wegen der Bilanzstruktur nicht gerade risikofrei...

[R-BgO]

Antwort auf Beitrag Nr.: 41.989.597 von R-BgO am 23.08.11 12:29:04

...seitdem kamen pünktlich regelmäßige Zahlungen, zuletzt 8c also rund 7,5% Rendite

[R-BgO]

20 December 2013


ASX RELEASE


DUET GROUP CREDIT RATING UPDATE

DUET Group (DUET) notes the attached press release by Standard and Poor’s (S&P)
affirming DUET’s investment grade BBB- (stable outlook) credit rating. At DUET’s request,
S&P has now withdrawn the credit rating.

DUET’s Chief Financial Officer, Mr Jason Conroy, commented that “Cancellation of
DUET’s undrawn corporate debt facility in December 2012, coupled with the strong track
record of each of our investment grade operating companies in accessing markets for their
own refinancing needs, means that there is no longer a need for DUET to maintain its own
credit rating. Our operating companies will continue to maintain their credit ratings with
each of S&P and Moody’s.

[R-BgO]

Antwort auf Beitrag Nr.: 46.088.822 von R-BgO am 20.12.13 10:56:53

http://www.duet.net.au/getattachment/ASX-releases/2014/Stabl…

[R-BgO]

Antwort auf Beitrag Nr.: 44.721.175 von R-BgO am 27.05.13 10:18:05

inzwischen jeweils 8,5c

[R-BgO]

Kapitalerhöhung

Dear ...

DUET Group (DUET or the Group) has today announced a fully underwritten accelerated non-renounceable pro-rata entitlement offer (Entitlement Offer) of 1 new stapled security for every 8 existing stapled securities (New Stapled Securities) at an offer price of $2.39 per New Stapled Security (Offer Price).

The Entitlement Offer is expected to allow DUET to:

Provide funding for accretive growth in the regulated asset base at United Energy and Multinet Gas;
Strengthen DBP’s credit outlook; and
Suspend the Distribution and Dividend Reinvestment Plan (DRP) for at least 3 years.

DUET has reaffirmed distribution guidance of 17.5 cents per stapled security for FY15 and confirmed that the New Stapled Securities will be eligible to receive the FY15 interim distribution payment, expected to be paid in mid February 2015.

Details of the Entitlement Offer

The Entitlement Offer will comprise a 1 for 8 accelerated non-renounceable pro-rata Entitlement Offer to raise approximately $397 million at an Offer Price of $2.39 per New Stapled Security, consisting of:

an accelerated institutional component to be conducted today and tomorrow (Institutional Entitlement Offer); and
a retail component which will open on Tuesday, 25 November 2014 and close on Tuesday, 16 December 2014 (Retail Entitlement Offer).

The Offer Price of $2.39 per New Stapled Security represents a discount of:

6.6% to $2.56, being the closing price of DUET on the last day of ASX trading before announcement of the Entitlement Offer; and
5.9% to the theoretical ex-rights price (TERP) of $2.54.

New Stapled Securities will rank equally with existing stapled securities on issue at the time of this announcement and will be eligible for the FY15 interim distribution.

Suspension of Distribution and Dividend Reinvestment Plan (DRP)

As a result of the Entitlement Offer, DUET’s DRP will be suspended for a period of at least three years (subject to DUET’s assumptions being met). Stapled Securityholders who had previously elected to take up additional stapled securities via the DRP will now receive their future distribution entitlements in cash.

[R-BgO]

Respekt an comdirect: sie erlauben mir, zu zeichnen

von der Unterlagen her dachte ich, man würde mich nicht lassen...

[R-BgO]

Antwort auf Beitrag Nr.: 48.370.874 von R-BgO am 20.11.14 15:46:05

KE-Stücke heute eingebucht

[R-BgO]

Antwort auf Beitrag Nr.: 48.553.373 von R-BgO am 12.12.14 09:11:16

Bezugsrechtsstücke heute eingebucht

[kuerni]

Antwort auf Beitrag Nr.: 50.421.666 von R-BgO am 18.08.15 08:20:49

Guten morgen
Bist du noch bei Duet dabei?
Zufrieden?
Wie ist das mit den dividenden? Franked - unfranked - Quellensteuer...?
Hatte bisher noch keine Australier
Dank und Gruß
kuerni

[R-BgO]

Antwort auf Beitrag Nr.: 50.885.337 von kuerni am 20.10.15 09:03:56

ja,

-ich bin noch dabei


-ich bin einigermaßen zufrieden (gestern +7,7% Kursgewinn für die Gesamtposition)


-die Ertragszahlungen waren ein bunter Strauß, fast jedes Quartal anders; bei der letzten Zahlung im August gab es

...4,4203c Dividende mit 15% QSt-Abzug
...4,3297c Zinsen mit 10% QSt-Abzug

bei beiden Positionen wurde die australische QSt auf die AbgSt angerechnet, so dass ich auf effektive Steuersätze von
25,83% (für die Zinsen) und
25,55% (für die Divi) gekommen bin;
bei deutschen Erträgen wäre die Steuerlast 25%*1,055=26,375%

[kuerni]

Antwort auf Beitrag Nr.: 50.886.714 von R-BgO am 20.10.15 10:59:02

danke für die Info!

[R-BgO]

22 October 2015

ASX RELEASE
DUET COMPLETES ACQUISITION OF ENERGY DEVELOPMENTS LIMITED

DUET Group (DUET or the Group) is pleased to announce the successful completion of the
acquisition of Energy Developments Limited (EDL) by way of a Scheme of Arrangement1, effective today.

DUET now owns 100% of EDL, providing it with full control of EDL’s operations, cash flows and
capital structure.

Trading in EDL shares on the ASX was suspended from the close of trading on 12 October 2015, and
EDL has applied to be removed from the official list of the ASX with effect from close of trading on 23
October 2015.

DUET’s Chief Executive Officer, Mr David Bartholomew said “We are pleased to have completed the
acquisition of Energy Developments and look forward to working with the EDL team as part of the
DUET Group.

EDL’s long term contract cover and cash flows complement DUET’s other operating
businesses and the acquisition provides DUET with a platform for growth. When we announced the
EDL acquisition, we upgraded DUET’s FY2016 distribution guidance to 18.0 cents per stapled
security (cpss) and re-established a growth target that will see DUET’s distribution increase to 19.0
cpss in FY2018.”

[R-BgO]

DUET Group (DUET) is pleased to announce that Energy Developments Pty Limited (EDL) has executed a share sale agreement with Origin Energy Limited (Origin) to acquire the 30MW Cullerin Range wind farm (Cullerin) for $72m (excluding transaction costs). Financial close is expected in the first quarter of FY17.

Transaction Summary

• Located near Gunning in NSW
• 15 x 2MW Senvion turbines
• Commenced operations in July 2009; site leases in place until 2038
• Historical capacity factor of 38%, one of the highest for an Australian wind farm
• Service and availability agreement in place with Senvion
• Long term offtake agreement with Origin
• Sale subject to a number of customary conditions precedent
• Acquisition to be funded from EDL’s corporate debt facility
• Acquisition does not change DUET’s FY17 distribution guidance and FY18 growth target

[R-BgO]

4 December 2016
ASX RELEASE

DUET RESPONDS TO MEDIA SPECULATION

The DUET Group is aware of media speculation regarding a potential change of control transaction involving DUET and confirms that it has recently received an unsolicited, indicative, incomplete, non-binding and conditional proposal from Cheung Kong Infrastructure to acquire 100% of DUET’s outstanding stapled securities at a price of $3.00 per stapled security, payable in cash (the Proposal).

The Proposal includes a number of conditions, including the completion of satisfactory due diligence, DUET entering into a Scheme of Arrangement Implementation Agreement and receipt of customary and specific regulatory and court approvals.

The Boards of the DUET Group are currently evaluating the Proposal and at this time securityholders are advised to take no action as there is currently no certainty the Proposal will proceed further1.

The DUET Group will keep securityholders informed of developments in accordance with its continuous disclosure requirements. The DUET Group has engaged Macquarie Capital as its financial adviser and Allens as its legal adviser in relation to the Proposal.

[R-BgO]

Antwort auf Beitrag Nr.: 53.828.345 von R-BgO am 05.12.16 09:05:44

On 5 December 2016, DUET Group (DUET) announced that it had received an unsolicited, indicative, incomplete, non-binding and conditional proposal from Cheung Kong Infrastructure (CKI) to acquire 100% of DUET’s outstanding stapled securities at a price of $3.00 per stapled security, payable in cash (the Proposal). This Proposal is being made by CKI together with one or more related entities including Power Asset Holdings (the CKI Consortium).

In the interests of exploring options to recognise securityholder value, the DUET Boards have resolved to allow the CKI Consortium to undertake confirmatory due diligence on a non-exclusive basis, in order to present the DUET Boards with a binding proposal.

[R-BgO]

Antwort auf Beitrag Nr.: 53.875.393 von R-BgO am 12.12.16 11:20:07

The Boards of DUET Group (DUET) are pleased to announce that

DUET has entered into a scheme implementation agreement

with a consortium comprising Cheung Kong Infrastructure Holdings Limited (CKI), Cheung Kong Property Holdings Limited (CKP) and Power Assets Holdings Limited (PAH) (the Consortium) under which it is proposed that one or more members of the Consortium will acquire 100% of DUET’s stapled securities on issue (the Proposed Acquisition) by way of schemes of arrangement and a trust scheme (the Schemes).

DUET securityholders will receive total cash proceeds of $3.03 per stapled security, comprising the following components:

the Proposed Acquisition consideration payable by the Consortium of up to $3.00 per stapled security (Scheme Consideration); plus

a Special Distribution from DUET of at least $0.03 per stapled security.


Implementation of the Schemes will be subject to conditions precedent including:

DUET securityholder approval;

receipt of customary and specific regulatory relief and approvals (including foreign investment approval);

an independent expert concluding that the schemes are fair and reasonable and in the best interests of securityholders;

no material adverse change, prescribed occurrence or regulatory restraint; and

court approval.

[R-BgO]

Antwort auf Beitrag Nr.: 54.091.904 von R-BgO am 16.01.17 10:36:12

The Boards of DUET Group (DUET) are pleased to announce that ASIC has registered the Scheme Booklet in relation to the proposed acquisition of DUET by one or more members of a Consortium comprising Cheung Kong Infrastructure Holdings Limited, Cheung Kong Property Holdings Limited and Power Assets Holdings Limited. This follows the making of orders approving despatch of the Scheme Booklet and ordering that the Scheme Meetings be convened and the provision of judicial advice by the Supreme Court of New South Wales.

A copy of the Scheme Booklet, including the Independent Expert’s Report and notices of the Scheme Meetings, will be mailed to DUET securityholders on or about 13 March 2017. DUET securityholders who have previously nominated an electronic means of notification will receive or be able to access the materials electronically.

If the Schemes are approved and implemented on or before 30 June 2017, DUET securityholders will receive total cash proceeds of $3.03 per DUET Stapled Security, comprising the following components (prior to any applicable withholding being made):

the Scheme Consideration of up to $3.00 per DUET Stapled Security; and
a Special Distribution from DUET of at least $0.03 per DUET Stapled Security.

According to the current timetable it is anticipated that the Schemes will be implemented on or around 15 May 2017, subject to all Conditions Precedent under the Scheme Implementation Agreement having been satisfied or waived (where applicable).

[R-BgO]

Antwort auf Beitrag Nr.: 54.489.681 von R-BgO am 08.03.17 09:59:12

Stücke wurden heute ausgebucht;


over-and-out

[R-BgO]

block and gap

[R-BgO]

Friedhof der Übernahmen