Yesterday's article in business spectator, titled 'Asciano incurs extra $116m impairment charges', indicates that AIO's full year results will be released next Wednesday August 26th and will announce a 3% increase in EBITA at about $655 million.
Can anyone comment on this and how they think the market will react after provision of this information?
It seems the market is reacting positively to all company results. Qantas today announced an 88% drop in profits or something like that and the stock rose 5%!!
Cheers
Dreamcatcher
AIO Price at posting:
$1.51 Sentiment: Buy Disclosure: Held