From the ABS, we see that the sectors that SKE work in employment is doing more than OK. The news of the death of mining, etc. is a tad premature. Also of note is that most of SKE's exposure in the mining sector is related to volume, not price and although there is some softness in commodity prices, volumes keep moving up (e.g. BHP will be shipping 20% more ore in a year or twos time). Also from the last reports/presentations SKE's highest volume growth has been in their highest margin businesses.
The more I think, the more I expect to see a 10 cent 1/2 year div in Feb.
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employment keeps ticking along
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