Gee Ousia, is Tim another one of your media contacts?Scroll down...

Gee Ousia, is Tim another one of your media contacts?

Scroll down for a read on LGD and the opinions of one "avid Legend investor"...

The Australian

I had another read last night in the quiet. I think it looks good, but the outlook statement was not as good as I first thought and really could mean anything. As you've pointed out to Tim, cashflow was fantastic and the real highlight - mostly due to reduced receivables and no tax (use of tax losses), along with lower capex. Unlikely to be repeatable, but then that probably won't be necessary with debt at current levels.

I still think scenarios for business growth are the limiting factor for share price growth and very dependent on economic recovery picking up pace later this year or early next. I think for now I'd see 25cps as a lid until either a good HY result or stronger forecast.