auo half year results

The half year results are due out soon.

The market will be looking for commentary that the inevitable minor teething problems with the new equipment on Tahmoor North have been dealt with.

If they have been dealt with adequately, hang on to your hat because this company's earnings should explode. Effectively could be on a p/e as little as 3 times.

Retail investors like us are better off buying the convertible AUOG than the ords provided the premium of the latter isn't too big (depends on your tax rate). (I hold both)

I've always been staggered that a major coal group hasn't bid for Austral but I'm happy to hold for the long-term.

Good investing !