Hit a bottom, starting to avoid the bearish market beta which indicates all the selling has been overdone.
The Keolis-Downer partnership and resolution of the labor relation issues in Yarra Trams in Melbourne might help Downer Infrastructure. There is also the MetroRail contract line for them to win off the back of their new partnership with the Gov't over the Trams. Does not look too bad in terms of outlook.
The selling is relentless...is it long term holders (10 years or longer) who are just giving up or is it shortsellers riding the commodities downtrend.
It's a race to zero for both DOW and Origin (ORG); both can not be far from takeover territory.
Ann: Announcement of buy-back - Appendix 3C, page-11
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