the same old story, page-4

here is a company with REAL PROFIT UP!

revenue...2008.$5.605m...2009.$6.492m...+16%

NPAT...2008.$261m...2009.$298m...+14%(this is what counts)

gearing...2008:37.6...2009:12.2%...-68%

this is a great profitable business that increases revenues,NPAT & reduces gearing in very tough times.
great business this one.

the way AIO was put together meant it was always going to struggle notwithstanding its huge debts.

now an astute businessman with acumen that might have ran AIO would have had a sound back up plan such as setting a share price for a cap raising say at $9.00-$9.50 after the spin off at $10.37.it only needed 600m at $9.00 to sell for $5.4b not 2b shares at $1.10...opportunity missed,even at $4.50 would have been ok...

instead you got a bunch of half wits with no business nous who waited way too long to put a plan together.how many of the board of AIO has railway/ports experience?

railways never make money so maybe down the track they might spin off the ports.imo this is the only chance to get value.

profit up!profits is what TOLL makes & for me AIO has never had anything going for it unless they put the broom through the joint & bring in people who have run a profitable business.problem is you cant find anyone that has run a railway thats made money.

dont discount chris corrigan making a comeback in some form down the track...he is a very smart businessman unlike rowsthorn & co.