Sydney Gas certainly left it until the last minute to release...

Sydney Gas certainly left it until the last minute to release their half year financials which had to be in by today.

7.53pm this evening.

And on the face of it no wonder.

Although they reduced the headline loss from $11.049 million to $3.995 million, last years loss included a one off write off for accumulated exploration, evaluation and development expenditure costs of $8.325 million.

Take that out and tonights half year loss is greater than the corresponding half of $2.724million to Dec '03.

No wonder the stock has looked like cr@p for the last little while.

Pretty clever how the sellers happened to be able to be dumping without any inside knowledge isn't it because of course we don't have inside trading in Australia since Rene got locked up.

No sh!t Sherlock.

I do not hold but I like to watch.

Cheers,