sparcs in nz like beppa , page-9

Guys why worry about the Beppa conversion. its three years away. three months in the market is a long time let alone three years. think of the cash flow generation we may have by then. we may have 1 billion in the bank in three years time and pay them out in cash. we're expected to have $300 MILL IN THE BANK BY DEC 09 alone.( re: revised internal ABN analyst document last week).

Oh my last comment for the week im going fishing. Infrastructure funds thrive on lower interest rate environments and upwards moving markets.

sounds familiar i hope. They are highly leveraged. reduce the interest rates and they make more money. get my drift.

Market has priced a further 115 basis point rate reduction for Feb. housing data was worse this week. RBA rate reduction pressure is good for us.

try a bet on the dish lickers guys they are much more fun and you can yell at em too.

GL all
JD