AIO 0.00% $9.13 asciano limited

weren't we supposed to open upwards?

  1. 1,007 Posts.
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    Thoughts gentlemen? At least this isn't AIO specific. I am at a loss as to why our market is down 1-2%.

    On another note, having read through the Deutche transport report, AIO appears to be quite strong.

    - New development in QLD going ahead in 2010.
    - Consistent (protected) revenue streams.
    - In demand assets.

    Obviously this report was bias toward AIO with future speculation etc, but the fact was AIO had an increase in profit in the Sep 08' QTR.

    I don't see any substance behind those who argue that this stock is on a downward trend long-term. Long term being 5-7+ years in my book. Medium term being 2-3 years and short term being around the 12 month time-frame.

    My 2 cents - don't let this disillusioned market warp our sense of appreciating core fundamentals in companies such as these. Credit will free up eventually. I believe this will happen before the time AIO will have to re-finance nearly half its debt in May 2010.

 
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