Underlying result ok given headwinds. Smart to impair assets now i think. Cleans up balance sheet going forward.
Look for better results next period with inclusion of ODG.
Over the last couple of days I have formed the view that there is no way mandatory pre-committment will come in. Because:
- Wilkie has indicated that he will not support abbott, no matter what. - The mood of state labor MP's around the country against the federal govt is absolutely toxic on this issue. There is no way they will support it. And how could they, given it would be a direct assault on their supporter base.
Better times ahead I think.
ITQ Price at posting:
64.5¢ Sentiment: LT Buy Disclosure: Held
