These changes will hopefully be better for the business. Its a pity Rowsthorn didn't get the boot as well. Reports today highlight the potential for Asciano given its ownership of ports and rail infrastructure. This could be and SHOULD be a solid business. These types of business grow at a rate of 2 - 2.5 times GDP. Good numbers given yesterdays figures. It does appear that the big end of town welcomes the changes. Clearly they can see value and/or takeover opportunities. All we need now is for Rowsthorn to go and I'll be a happy person. Good upside from here. I even changed my assessment to a buy.
AIO Price at posting:
$1.53 Sentiment: Buy Disclosure: Held