Yaaaaaawwwwwwwnnnnnnnnnn!!!!ALZ bounced off critical support at...

Yaaaaaawwwwwwwnnnnnnnnnn!!!!

ALZ bounced off critical support at 2.30 today.

They are shut up tighter than a clam, as far as company updates go. No wonder they're meandering about in a lazy trading range - nobody knows what they're up to!

In the absence of any modicum of disclosure from the company itself, here's a scenario:

- Project development in the 2H07 slows from projected record, due to cheap MBS funding being restricted (read: had to borrow from a local bank, at a higher rate of interest.

- The bank has a lot of commitments, therefore it wasn't able to lend us enough to expand our project volume as much as we...well...projected.

- The money they offered us was at a higher rate of interest (therefore lower profitability) than in previous years.

- Profit from revaluations decreased markedly (my guess would be halved) in 2H07, due to the fact that most people can't afford $1m for a shoebox in middle of road.

- Dividends will no longer be 16.5c.

Five projections. In the absence of a skerrick of information from the Company, let's see how many I get right.

[BTW, Gobster - NFI!]