we are so missing the real point.........., page-56

Hi Buddy,

Been out of action for a bit. Re: your last reply to me. I understood your earlier post, just didn't want anyone to think I was down-ramping when leaving.

Logic dictates that AIO will climb in the medium term, but she has been a little hard to predict.

I've been in a few other stocks, but I'll keep an eye on what happens. I still keep in mind that there are now over three billion shares up from 700 million, so upward movement is likely to be steady (but sure). Today having the largest turnover in AIO's history, it still has me wondering why that didn't equate to more than 1% SP increase.

I'm sure it would bounce up to the 1.8 to 2 mark if there were definite takeover rumors.

Don't know if you saw this article which was positive regarding the SP, but I'm sure you would enjoy the following excerpt:

Pump up the volumes: why Asciano is looking good

ELIZABETH KNIGHT
July 30, 2009

"One of the great corporate circus acts of all times is Rowsthorn’s ability to retain his job, given the severity of his mistakes.

The fact that the company had to increase its issued shares fourfold to claw its way back from near death is testament to the degree of mismanagement.

The company’s chairman, Tim Poole, is almost as culpable. And this makes both their positions tenuous – which makes getting control of the company easier.

All this makes it easier for some other party to exert some control without actually having to make a bid. It presents itself as an opportunity probably too good to pass up. Taking even 10 to 15 per cent would be a cheap and clever way to secure a big say in the governance of this group.

Apart from Rowsthorn and Poole, there are only two other directors, so the board defences are weak indeed."

Cheers,

John S.



Disclosure:

Held yesterday, Don't hold now, intend to take up the SPP.