Hey guys,
Asciano will have to refinance close to half their debt in May 2010, and the other half in 2012 (see duetche report).
Some may have missed it, so I'll say again... there is likely to be an announcement to do with Asciano's coal haulage business before the last board meeting this year (to be held on the 19th December). It is expected to secure $800-900 million dollars for use in investing in QLD.
Anything else is speculation at this stage.
The sale would most likely bring AIO's EBITDA ratio to 6 which will be extremely positive for the SP.
I get nervous NOT sitting on this stock. :)
Be patient, and within 2 weeks we should all be smiling.
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