You would hope not but could be some negative sentiment
0218 GMT [Dow Jones] GSJBW says domestic equity issuance as percentage of market cap,while approaching cyclical peak, remains below levels experienced in 1993, 1994. Expectssupply of equities from issuance in FY09 to outweigh natural demand, suggesting investorsare forced to sell existing stocks to participate in capital raisings. Expects market tomove back to negative imbalance during FY10. Believes investor cash levels relatively
high, following significant derisking of portfolios during 2008. Major companies GSJBWidentifies as potentially in need of capital to fund existing capex projects or having
cumulative free cash flows forecast to be negative out to 2011, include, Woodside(WPL.AU), Santos (STO.AU), Oil Search (OSH.AU), Lend Lease (LLC.AU), MIG (MIG.AU), Qantas
(QAN.AU), Leighton (LEI.AU), Paperlinx (PPX.AU), Crown (CWN.AU), Paladin (PDN.AU),Alumina (AWC.AU). Index last 3735.0. (DWR)
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