Ann: Full year results presentation, page-19

Some good comments here. Unfortunately I think the market is only looking at "forward guidance" which is not always a good idea as there are a lot of moving parts to that going forward. I would like to know how some within equities get their information on this crystal ball gazing. If ever there was a defensive stock this is definitely one of them. Debt is an eye sore, but the market knew that from recent bolt ons in the last 2 years as the company is trying to insulate themselves from coal which could be premature going forward. At a 6% div this is a good trade come investment going forward along with APA. TCL is also a concern going forward.
I love everything about AZJ both its structure and very sound management. I trade this stock but will be awaiting for a lower entry point for a bit of a long term trade.
Not a good result but great management, great business and questionable debt levels going forward...whats not to like about AZJ.