the same old story, page-32

firstly micko1 this listed at $10.37 mc of $7b ON THE SAME EARNINGS...$2.8B!!! this year.so what micko1 have you jumped in at 40c - $1.10? & what you think your clever do you?come back & push your barrow when it punches thru $10.37 ok?

company loses a total of $425m in 2 years,pays a divvie & GET THIS ONE...THE BOSS GETS A $741,000 BONUS..WTF? lose & pay a divvie?from the money the bank gave us,btw MR has already wiped out $425m of the $500m from the working capital,but he got some more from the suckers not long ago ay?

that is not a good business to be in,btw the year high is around $3.40 which sank to 40c so you will see a new high soon.dont mean crap to me.

i look at the actual business itself & if the sp was an indication of the health of the company then id say it would be around $1.25 because half of the debt was taken out.but you got 4 times the shares...

assets were only worth $2.4b for ports & rail THATS WHAT TOLL PAID FOR 50% OF PAC NAT..RE:$600M SO THEN THE $1.5B VIRGIN STAKE gives you $3.9b.

instead little paid a total of $6.3b for 650m patrick shares...average price about $9.70.lists at $10.37...wtf

when its ebitda of $655m (then & now) times the standard 5.5 multiple gave its real value of...$3.6b throw in a $300m premium & theres your $3.9b value. not mc of $7b


aio's earnings are the same on the split at $10.37 to present...$2.8b.talk about getting dudded.

now with half the loan paid AIO should be able to stop the bleeding from the interest & amort.they should have at least $100m more but they still wont get back the $425m in net profit by the next 2 years.

i dont believe AIO will come real good until MR is given the boot.

remember these facts.he was in charge of a just listed company with $5.8b in debt & HE WENT & BOUGHT & LOST THE COMPANY MANY MANY MILLIONS trying to bluff brambles...WHAT SORT OF GOOD BUSINESS DOES THAT?

when MR goes then AIO will be a better company.