Hi all I have been following AIO quite carefully, albeit I am not holder I am finding that CBA have been buying heavily since November and WBC have been into this stock since January 09 and is now a substantial holder. It is likely that AIO will sell its stake in the National Pacific coal haulage arm. I am unsure on valuations of this asset but the deal is close and may be signed this week. If so, it will not need to raise capital and will slash liabilities upto 30%. If it does manage to do this, the bottom is close. With CBA and WBC on board just recently, AIO in my view is one to watch. I shall be buying soon, I only need to determine how shrewed management is when they flog National Pacific.
Good luck to holders.
AIO Price at posting:
73.6¢ Sentiment: LT Buy Disclosure: Not Held
