getting very close to the bottom, page-26

deagle,
Said I wouldn't post for a while, so I lied.

My gut is quite big so i fear not listening to it lol.

Here's a bit of analysis for you from the Chairmans address today.

"impact will be in the range of $130 million to $150 million.
The Provision includes a number of non-cash items and we expect the after tax cash cost impact of this Provision to be in the range of $20 million to $30 million."

$30mil is minimal and dividend increased- that makes me want to buy more on the way up but unfortunately I'm fully comitted elsewhere.

Further to not trusting the so called experts. You only have to realise that the average fundie fails to beat the indexes. The con is up and that's why SMSF's are on a steep rise.

Here's another one for you- The experts where and still are saying the aust property market is a bubble lol. Most of this analysis is sourced from overseas experts that simply don't understand our market. If i had of listened to them i never would have been ahead on multiple properties. Mind you if you listen to the so called statistical experts they can twist the numbers so that any suburb looks good or bad and they often paint the entire propery market with the one brush.