Price consolidating as buyers edge into the action

Potential Buy Entry Alert to Watch SKI

 

Time Frame : Weekly

Sector : Utilities

Key Stats : $3.95 Billion Market Cap, VWAP 2.346, ASX Ranking 94, 4 Week Av Turnover $11,649,964, Current Turnover (Intraday as at time of alert) $2,992,594, PE 40.4, Div Yield 6.65%.

Company Overview : Spark Infrastructure (SKI) is an infrastructure fund with an objective to invest in regulated electricity distribution businesses in Victoria and South Australia. Spark Infrastructure RE Limited is the Responsible Entity. SKI has two segments namely Victoria Power Networks and SA Power Networks.

Broker Consensus : HOLD

 

SKI – Spark Infrastructure Group

SKI is consolidating around support as buyers slowly edge into the action. We are now watching for signs that the longer term trend is starting to take hold again and buyers are making a run for new highs. On the watchlist for the action to build.

 

Stock Code : SKI – Spark Infrastructure Group

Company Website : www.sparkinfrastructure.com

Current Price : 2.345

Status : On watch for buy entry setup