Infrastructure securities are not really a solid investment whislt there is a downward global market movement, nothing really is except for your telstras and medical/health stocks.
No growth = No money to spend on infrastructure
Not sure if you heard about the outcome of the recent NSW budget. major infrastrucutre projects where put aside as the NSW govt cant afford to be throwing arounf money at this point.
Sentiment for the infrastructure stocks is also low due to babcock and brown infrastructure's issues.
A long term hold for AIO will have its rewards, im just expected alot of sideways movement in the SP at around the $2 mark. Any negativity on the company and it will goto 10 cents.
AIO Price at posting:
$1.34 Sentiment: Buy Disclosure: Held