Angus Gluskie Quotations

Seven's put together a reasonable case. They've definitely got an issue that they need to explore through the courts.

If they make too many concessions then the potential synergy values to them of the takeover begin to evaporate.

Certainly for the short-term, metals prices are propping the mining shares up. They're trading above the value of their earnings but investors are focused on the underlying commodities movements.

We suspect there will still be a workable solution, but whether they can find it and find it in what's a fairly tight timeline now is difficult to say.

The question mark in investors' minds has been will this year stack up as strong as 2005. This adds certainty that it will be another very strong year for them.

The sale provides the business with a huge surplus of capital, some of which will be returned to shareholders, which is also a move people will savor.

Oil above $70 and the threat of a weakening U.S. economy are going to shake out those hangers-on in all markets. Oil affects just about everything, from companies' costs to consumers.

You're getting increasingly developed infrastructure throughout the major economies in Asia which is a good framework to run a logistics operation. Toll has always had an aggressive strategy of growth.

There'll definitely be relief when there's clarity. While you might have a couple of residual issues hanging out there, this is a fairly large step in resolving the matter.

It presents more risk but there is potentially a continuation of the good rewards Toll has generated in its Australian-based acquisitions.

It's not just miners - I suspect there will be a few more industries feeling the effects of oil prices and other costs.

It will be critical given that it is only in the second half that they expect to put though some off their redundancy expenses. But this result was slightly better than the market was looking for.

I'm not hearing people talk about commodities shares being good value any more. Rising costs and a steadying of commodity prices will show up more and more in earnings.

Certainly the second half result will be very closely watched.

The market seems to be discarding bonds, which means that the banks will stand to lose out, at least on a relative basis. Anything with a decent yield tends to be targeted.