Thing is you are buying shares in massive port, rail and road infrastructure at a price, you will more than likely never see again....that is why everyone is on tenderhooks as to any announcement' be it asset sale ..takeover..what ever..At the first sign that this company will see its way through the current downturn..at the first sign that the debt is no longer the main issue ,the price will react very quickly indeed..and so we wait....! enjoy the stress ...I do ..!
Buy the way, Asciano is very sensitive to fuel pricing being heavily transport orientated, and we all know which way the cost of oil has been going...this massive saving will be srongly reflected in the forward outlook. Yes indeed ...interesting times.
AIO Price at posting:
95.3¢ Sentiment: Buy Disclosure: Held
