Ann: Change in substantial holding , page-3

The report is good, but didn't blow me away ..
The +ve's ..
Good revenue, solid increase in business activity ..
Good fwd outlook, benefits of Wards is understated due to partial incorporation of results ..
Div 3.55 cents ..

The -ve's ..
Some fwd concerns about carbon tax .. EAX working on it ..
also, Val Duncan resigning in 12-18 mths ..

Overall, it's a pass, and still good value MT/LT ..
S/T Price has taken a hard-hit in the 1st half hour today ..
currently down to $3.00 .. da'ts one ugly decline ..
Where's Evergreen Capital when ya need 'em ?
lol ..

I will not sell at this level, as I'd still value 'em towards $4 based on this report .. might buy some more if these hyterical sellers back off a bit ..