no reason other than my interest in AIO, I would be feeling a lot more comfortable holding without the QR Rail float and it's possible effect on AIO; together with Ports expansion there is a threat to it's margins going ahead, at the same time Ports expansion keep experiencing delays and QR may become a basket case of it's own with it's vertically integrated model. Premier Bligh seems to be flogging it only to get maximum $ with no regard to future impact on shareholders if ACCC deem it to be anti-competitive in the years ahead so that will be one float I will stay away from.
At the same time AIO start trading in the ASX Top 50 which will attract Index investors, I also read an interesting article in the Eureka Report that there is a good chance there will be a lot of private sector capital spending going forward and AIO is set to benefit from this, coupled with future bond issues to restructure it's debt and take it's reliance away from the banks for funding then the future looks good in many aspects.
So for me there is some factors for and against, mainly positive though but just trying to keep it real and not get too carried away. Montgomery from the Eureka Report also had it valued at .72 and he's no clown so it's definitely in a interesting if not ambiguous position atm.
Just trying to generate some discussion but always DYOR.
cheers
AIO Price at posting:
$1.92 Sentiment: Hold Disclosure: Held
