karasko, do you want to make the call?, page-2

If a Insto or a number of into's has been caught short buying back, as a result of some nice suprises IMO a nice steady rise from here.

however be cautious of a shake out on All Ord red days, IMO they will try everything to get as many shares they can below 25c... if it stays there.

12 March 2009

GOODMAN GROUP (“GOODMAN”)
DISPATCH OF HALF YEAR REVIEW TO SECURITYHOLDERS
The attached Goodman Group Half Year Review for the half year ended 31 December 2008 was
dispatched to Securityholders today.

Outlook
Despite the challenging market
conditions, Goodman is
committed to the execution
of our long-term strategy
of owning, developing and
managing industrial property
and business space.
Goodman has been actively
repositioning our business
to reflect the current environment.
We have significantly reduced
operating costs, reengineered
our development business and
have a strong focus on our
capital management and
allocation strategy.
Goodman is a fundamentally
strong business with a global
footprint and the right strategy
to manage through these
difficult times and to deliver
long-term growth.
As a result, we maintain our
target earnings per security
of 19.3 cents for the full year.


and

THE federal Government has introduced draft laws in Parliament to set up a $4 billion contingency fund with the four major banks to refinance commercial properties if money from foreign lenders dries up.
The commonwealth will hold a 50 per cent share in the $4 billion Australian Business Investment Partnership, while the four major banks - ANZ, Commonwealth Bank of Australia, Westpac and NAB - each will take a 12.5 per cent share.

The Government would provide $2 billion, while each of the banks would supply $500 million.

The partnership would be able to issue up to $26 billion in debt if additional financing beyond the $4 billion was needed.

But it would only be able to issue debt with the unanimous agreement of all shareholders.

The debt would be government-guaranteed and would attract a fee on a sliding scale of up to 150 basis points.

Finance Minister Lindsay Tanner said the partnership would only fund commercial property where the underlying assets, and income streams from those assets, were financially viable.

He said the partnership may consider financing projects such as retail shopping centres, commercial office buildings and industrial property.

Property outside Australia, land banks, speculative development assets and rural property would not be financed.

“It is not the intention of the four major banks that have put their funding into ABIP, nor is it the intention of the Government, that ABIP will support problem assets,” Mr Tanner told Parliament.

The Government would wind up the partnership if credit markets improved, he said.

“The establishment of ABIP is another government initiative to insulate the Australian economy and protect Australian jobs from the impacts of the global recession.

“This initiative is a contingency measure that the Government is putting in place to address liquidity problems in the commercial property sector should they arise.”