Ann: SYD $2bn Equity Raising and 2020 Half Year Result, page-28

I guess a concern l have with the sector is the way States treat boarders as a political tool (see how 'safe and sound' you all are) and the Feds as an ATM (no need to worry about restarting tourism there is job keeper). with this out of touch bunch in power in Australia l have real concern that even real domestic travel and tourism will restart anytime soon. (wonder if they keep boarders closed for another 12 months+ after another country get a vaccine??) maybe they should just protect elderly properly and reopen cities?

l sold FLT above $40 and reduced SYD early - now l having trouble re-entering these positions while this lot have an economic destruction mindset and so far have focused 70% on international ETFs. l have seen far less risk and pretty good growth in the international ETF sector and seem to sleep at night