carl lancaster , page-5

Forward order book is always important.

DGX can potentially benefit from the following circumstances;

- Low interest rates to fuel purchases in and around the city
- A softening resource sector hopefully freeing up more of construction workforce, the more there are the less picky they can be about rates of pay.
- The make over of the city, the more attractive the city becomes, it's cosmopolitan feel, the more investors/nesters will seek to live close to the action.
- More liquidity and more responsibility, hopefully starting to run as publicly listed company as opposed to a family operation

- Concerns - Militant unions, hopefully offset for reasons above.
- Long term Macro environment for WA, I personally think the oil&gas space will fill a softening commodities market.
- Diversification - probably will come after they get their WA operations right again, there last effort into an international play was a terrible.