bigboyo, you mention the PE and yield, do you know what the forecast EPS and DPS are?
With regard to w.bramley comments i imagine that the wood idea is just an experiment as much as anything to show some green credentials.The main fuel coal would almost certainly be imported.I expect that its fuel contracts would have been referred to in the prospectus which i did not see.
The outlook for energy prices and therefore profits is very positive so this seems worth cheking out.There is also likely to be further rationalisation in this sector and this is not a big capitalisation.