eps & div post cap, page-7

PP
Lower interest rates must be quite a mixed bag for retirees, if a lot of retirees get the capital for their deposit from residential property this shouldn't hurt so badly.

I think the reserve bank is trying to engineer a bit of property activity to counteract expected lower resources prices.

I don't think the RBA will stop until things are buoyant.

I also think write downs must be factored in at 24c.

We'll see what happens. I agree with PP - I am bullish.

Another thing - APZ cap raise is not doing well so far (unless I am mistaken about prior expectations). The crowd who follows cap raises (like myself), might be looking at APZ one minute and FLK the next, and have the same bank balance to play with.

Finally - some who picked up FLK stock in the entitlement offer have the perception that their new stock cost 20c (unlike GS), and so they perceive a profit of 4 cents or so right now.

Excuse my brain dump - I'm still targeting 40 cents, and have low ball buy orders in place just in case I am lucky.