promina take-over talk, page-10

MBL's prospects for future growth in Australia have improved thanks to all the millons of extra dollars pouring into upgrades of infrastructure, roads, tolls and whatever else from the Federal budget...which will stir more acquisition activity, create growth and keep the commodities boom chugging along. Current share price is holding very strongly above 70 and they will deliver a solid result with a more positive outlook than before on Australia, Asia and Europe, which I was a little uncertain of - future outlook that is. I am still a little concerned about MBL investing in US assets. I would prefer to see them focus more on Europe and Asia and even Sth America and Africa.

Toll was a disgrace. That looked like a last minute hotched botched deal put together in a few days and unfolded as one. I reckon some heads rolled over that one. Why they left everybody in the consortium open to attack legally has got me mistified and how Toll got details of the MBL proposal borders on very illegal activities by the institutions MBL approached to support the deal. Be interesting to see how much if any monies MBL gets from sueing Toll and or institutions and what the ASIC investigation turns up on insider trading.