I hope to be in today via the SI placement
However I tend to agree it is a sorry day for HST but more importantly this outcome signals that the option of bank financing will for the next 10 years at least be severely diminished in the eyes of company boards across Australia. A Sorry saga that began with the likes of the OZL fiasco a couple of years, is now continuing and indeed entrenching itself in the Australian business pshycie: "The Banks are Not Our Friends".
What this will do to the oz business landscape over the next 15 years will be any bodies guess, but one thing is for sure it is outcomes like this that will prove the RBA is 100 % wrong about the resources sector kick starting East Coast business revival
Viney
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I hope to be in today via the SI placementHowever I tend to...
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