chairman's address - rail, page-7

Hi Bullcatcher,

Thanks for the information about the improvements on the ground.

Yes , It seems that H1 does perform OK as a stand alone business, and this has been managed with prudence and with an operational focus. Thankfully AGO have maintained a strong balance sheet.

My focus is on the strategy the company is clearly pursuing, which seems heavily focused on strategic infrastructure assets and a LT mid-scale H2 future.

As a LT investor, I am watching their strategy , execution and also how they spend the cash flow from the operating assets in H1.
cheers
FT