solid result out today, page-7

Well its certainly broken out of the 16-19c range it has mainatained since the profit upgrade was announced in December. As long as the broader market is reasonably solid, and outside influences do not weaken the Australian economy unduely, things look generally positive in the medium term.

Whilst unexciting in terms of ASX announcements, the company seems to be heading in right direction. Market opportunities in the power infrastructure sector hopefully will be beneficial in coming years. I guess we will have to wait and see whether the company pays an interim divvie, or alternatively spends cash on acquisitions to boost earnings.

angus