muni, page-3

well it continued downwards today, so there's a trend. I think it may be popular (uninformed) reaction in Sydney's finance markets to the bad press three days back about the sydney ticketing system. ie local issue, but which is so high profile for aussie listed coy.
But what do we know - In the first half results (in Mar07) the MD reported that AGM projections (Nov 06) for the full year were still intact. That means break even for the full year, and therefore quite positive results in second half to balance the first half loss.
The AGM projection for 0708 was from memory positive $150m cash flow.
Sounds like a good buy coming up, just a bit more southwards until good cash flow results actually happen.