future dhort term news, good or and bad, page-5

Yes karlo, all O&G stocks are being smashed today, not just ICN, BOW, BPT, AD,ORG, etc. In fact, if we are "concerned" that no value has been credited to ICN for the GSA, ORG have signed a $92 billion, 20 year GSA and have $1.5 billion cash injsction and their SP is nearlty the same as pre announcement.

So, the point that I am trying to get across is that ICN should not be viewed in isolation from the rest of the market. When you compare the ASX with, say, the DOW and compare the economic fundamentals of both countries, you would reckon that the respective "performances" should be reversed, but, they're not?? The A$ is also making Aus equities too expensive and o/s investors are not buying our equities.

If we are looking at pure "fundamentals" despite the overall market, which could still have some fall in it, the sort of stuff that Icon are likely to come out with in the next 12 months will make it one of the first to get solid market re-assessment, especially compared to its so called "peers," who would give their right arms for what Icon has already got tied up.

The slide in the ICN SP shpould not be viewed as an ICN problem, it is sliding with the rest of the market and in particular with its own sector. If you believe in Icon's fundamentals, then the current SP does represent a great MT/LT entry and as you rightly said, even a very tempting ST/DT opportunity.

Patience and trust will be rewaded.