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ERM POWER


Sector: Power provider

Industry:

The power company has successfully transformed itself from an electricity generation business to one powered by electricity retailing, having grown its share of the business market from 0 to 7.5% in the past six years.

The loss of the contract to supply AGL with power from the Oakey power station in mid-2015 has left ERM more exposed to the vagaries of the Queensland wholesale electricity market, and therefore to a level of earnings volatility from this asset that had not previously been experienced. Oakey is a 332 megawatt (MW) dual fuel station 150kms west of Brisbane.

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  • Radar Rating Unlock
  • Market Cap ($m)* 277.8
  • Dividend Yield (%)* 8.4
  • NET CASH ($M) 165
  • * Data as of 27 March 2017

Latest Research Summary

ERM POWER: RESEARCH TIP UPDATE - JANUARY 2017
25 Jan, 2017

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Previous Research

Research Date Radar Rating  
ERM POWER: RESEARCH TIP UPDATE - JANUARY 2017 25 Jan, 2017 efa7f140 View Research
ERM POWER: THE DIVIDEND REPORT - OCTOBER 2016 19 Oct, 2016 afa294cb View Research
ERM POWER: RESEARCH UPDATE - SEPTEMBER 2016 01 Sep, 2016 00d288e2 View Research
ERM POWER: RESEARCH UPDATE - JUNE 2016 29 Jun, 2016 e41896b6 View Research
ERM POWER: REPORTIG SEASON - MARCH 2016 01 Mar, 2016 968e27e6 View Research
ERM POWER: DIVIDEND REPOST - JANUARY 2016 19 Jan, 2016 f52c927c View Research
ERM POWER: RESEARCH UPDATE - NOVEMBER 2015 03 Nov, 2015 82b758f7 View Research
ERM POWER: RESEARCH UPDATE - AUGUST 2015 26 Aug, 2015 7002075d View Research
ERM POWER: RESEARCH UPDATE - JUNE 2015 25 Jun, 2015 12762d3b View Research
ERM POWER: RATINGS REVIEW - APRIL 2015 15 Apr, 2015 b2a15a76 View Research
ERM POWER: RESEARCH UPDATE - FEBRUARY 2015 21 Feb, 2015 fc3b4360 View Research
ERM POWER: RATINGS REVIEW - SEPTEMBER 2014 25 Sep, 2014 8046c26d View Research
ERM POWER: RESEARCH UPDATE - SEPTEMBER 2014 03 Sep, 2014 1f15478c View Research
ERM POWER: RESEARCH UPDATE - APRIL 2014 30 Apr, 2014 c52c04d6 View Research
ERM POWER: RESEARCH UPDATE - FEBRUARY 2014 15 Feb, 2014 1dfd416a View Research
ERM POWER: SHARE TIP - JANUARY 2014 19 Jan, 2014 50b7a910 View Research
ERM POWER: RESEARCH UPDATE - AUGUST 2013 28 Aug, 2013 9814ec9b View Research
ERM POWER: INITIAL RESEARCH - NOVEMBER 2012 10 Nov, 2012 d94307cd View Research