Hi all,My take on the half yearly financial results is tha it is...

Hi all,

My take on the half yearly financial results is tha it is steady as she goes. No real surprises axcept the way the market has reacted. I think OZL has been oversold.

No surprises that profit was down due to events such as settlement of litigation, currency exchange rates, increased exploration etc. A bit disappointed dividends is only 30 cents per share but it still represents a 5% return on capital which is not bad given potential upside.

Still have a sizable war chest, and a little surprised but not concerned re the credit facilty OZL are looking at. I hope OZL stay away from having to take out loans.

OZL is still a pretty safe bet. Speculators may get better returns elsewhere, but they may also get worse in this period of uncertainty.

Some scurrilous reporting I feel. I note on the same day one headline read "OZL profits down 72%" and another read "Slater & Gordon report 40% profit growth". I would not be allowed to type what I think of this.

Regards to all