I agree Ryderman...this is a massive stimulus to FKP because it now gives clarity to the debt position...PROVIDED the Rudd initiative does as its announcement suggests...and quickly.
I'm afraid I'm a pessimist when it comes to bureaucracy quickly rolling out and executing a proposal in a commercial manner.
Just wait till the leftie loons in Canberra get to write this...it'll require senior legal counsel to interpret and to submit an application which may then take months to jump through an incredible number of expensive, frustrating and time consuming hoops.
Be interesting as to how the market reacts to this news on Tuesday though.
FKP is a strong company and their development portfolio is brilliant.
BUT..they will announce a shocker 1H09 result sometime in Feb...that's a fact.
FKP Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
