Home' InDaily : July 16th 2010 Contents ADTRANS (ADG)
Adtrans has stated that it expects its net profit after tax
to 30 June 2010 to be approximately 33% ahead of last
financial year, which was significantly impacted by the
global financial crisis. This is ahead of the Company s
previous earnings guidance of an improvement in profit
of between 25% - 30%, and moderately ahead of our
While Adtrans has performed better than anticipated
over the second half, earnings have slowed. This has
largely been due to more challenging used car trading
and the heavy truck market which remains subdued.
With economic conditions remaining restrained, we do
not anticipate a pick up in trucks until the second half of
FY2011 (later than our initial expectations).
The Company s better than anticipated FY2010
earnings guidance provides confidence that the core
business is back on track following a difficult FY2009
trading period. We maintain our Marketperform
recommendation, noting Adtrans is well positioned to
participate in continued sector consolidation and offers
an attractive forecast dividend yield.
Sharebrokers and Investment Advisers
Telephone (08) 8217 3900
Warning (General advice only): Past performance is not a reliable
indicator of future performance. The recommendation in this
advertisement is made without reference to its appropriateness to
your investment objectives, financial situation and particular needs.
Before acting on this general advice, you should discuss with your
investment adviser the appropriateness of this recommendation to
your own specific circumstances.
July 16 - 22, 2010
The Independent Weekly hear'say
Parliament s serial abuser of
parliamentary privilege, Mick
Atkinson, is turning to new delights.
He s spending his newfound time on
the backbench "preparing a piece on
questionable journalistic practices".
As a one-time newspaper man
himself, Mick may be able to include
one or two examples from his own
work as a reporter.
But there s another side to
his project. Atko once made
the unsubstantiated claim in
parliament -- so he couldn t be sued
for defamation -- that a prominent
Adelaide businessman had bribed
his way into getting favourable
newspaper coverage. Now Atkinson is
hinting at making a claim -- once again
unsubstantiated -- of undue media
influence involving a well-known
Adelaide law firm. If he makes the
claim outside parliament, expect
defamation lawyers to be watching
Paul the Octopus has had his 15
frames of fame. It turns out that
octopi are very colour-sensitive,
and Paul simply climbed onto the
coloured flag which best suits a
cephalopod s natural camouflage
But SA has its own master of
disguise -- the giant cuttlefish,
which can change its colours
and patterns according to its
background or the amount of
threat it feels.
Each year between May and
August -- that s right now --
thousands of giant cuttlefish
migrate to the coast between
False Bay and Fitzgerald Bay near
Whyalla for spawning.
People come from around the
world to see the world s largest
cuttlefish species (they grow up
to 60cm long and weigh as much
as 5kg) go about their intriguing
Most intriguing is the business
of mating. The larger the male
cuttlefish, the more likely it is to
be able to fend off a rival, so small
cuttlefish use their brain instead of
their brawn. When they see really
big giant cuttlefish preparing to
mate, the smaller male will change
its colours to impersonate a female.
The big dumb male then gets all
confused and tries to woo the small
male, which scampers off with the
genuine female to make hanky-
panky in private.
The cuttlefish s godfather is
local diver and Whyalla dive shop
operator Tony Bramley, who s
escorted academics, scientists
and recreational underwater
tourists to the briny shallows for
a dozen years. He wants to keep
his business alive, and the best
way to do that is to keep alive the
"People catch them and cut them
up for bait," said Tony this week.
"The Government has an
indefinite but temporary ban on
fishing for them in one area, but as
soon as the cuttlefish go outside of
that they re into the bait bucket."
Tony and other locals are
working to get permanent,
comprehensive protection through
having a marine park in the area.
One person who may be able to
explain exactly why Professor
Laura Lee so suddenly quit her job
as integrated design commissioner
is the man she says got her to
Adelaide in the first place for her
stint as a Thinker-in-Residence.
Although Mike Rann says on
his webpage that he is the one
who invites Thinkers, one of the
Premier s closest confidants also
had a hand in Lee s appointment.
In her speech at Adelaide Town
Hall in October, Lee gave a special
mention not just to the Premier, but
also to "my friend Lance Worrall
who got me on to this adventure".
Worrall is the Rann staffer who
has so pleased his boss he has risen
from economics adviser to head of
the Public Service Performance
Commission at $150,000 a year,
and now -- to much shock horror
from the Opposition -- to the top
job in the Department of Trade at
$295,000 a year.
Laura Lee has a
twitter account but no
tweets. She apparently
follows only Premier
Mike Rann, and he
was her first follower.
As they follow one
another they can direct
message each other.
are seen only by the
recipient and sender,
and therefore don t
leave the trail that
texting, emailing and
"My Tour de France is finished,"
champion cyclist Lance Armstrong
acknowledged as he limped across the
Morzine-Avoriaz finish line in 61st
place, nearly 12 minutes behind stage
winner Andy Schleck.
It s been misery heaped on failure
served with pain for the seven-time
Tour champion. A tyre puncture, a
crash, then another crash.
"His last hurrah in cycling, gone in
a single hellish day, Stage 8 on Sunday,
the most horrific stage the 38-year-old
American has endured in a long
history at the Tour," wrote syndicated
tour reporter Wayne Scanlan.
"Looking frail. Embarrassed to be
on camera so far up the road from the
racing elite he once toyed with. His
Radio Shack team jersey, and even the
paper bib No. 21, in tatters from road
But Premier Mike Rann is still
confident Lance Armstrong will ride in
the Tour Down Under next year. Rann
says he spoke to Armstrong the night
before the Tour de France. "Whilst this
will be Lance Armstrong s last Tour
de France, it certainly won t be his last
bike race," said Rann. "He s very aware
that we want him to come back."
His appearance fee might be a bit
less next year than it was just before
the state election, when Armstrong s
duties included campaigning for the
(An occasional cross-party coffee
break with MP3 and MP4.)*
MP3: Gee, it s a bit quiet.
MP4: Is that because Foley s
MP3: Maybe. But he s on official
MP4: It ll be interesting to see
his travel report.
MP3: It s not one of those
so-called study holidays. He
MP4: Did he go on his own, like
MP3: No idea.
MP4: Well in April last year he
took his spouse to Malaysia and
MP3: Did you say his spouse?
MP$: And the year before he
took his spouse to the US.
MP3: What do you mean his
MP4: Yes, his 2008 travel reports
says almost $10,000 was spent on
his spouse. And $2300 last year.
MP3: Come on, Kevin hasn t
had a spouse for some time. He s
had a few girlfriends.
MP4: So why does it say he
took his spouse to the US and
MP3: I think the rules are a bit
loose. I think spouse can mean
de facto partner.
MP4: How long do you have to
be a de facto partner-spouse
before the Government spends
$10,000 on her on an overseas
MP3: It probably has to be more
than a casual thing.
MP4: So can you take two
different de-facto partners in
MP3: How do you know he did?
And that was 2008 and 2009. Lots
of water under the bridge.
MP4: So with the passage of
time we don t worry about how
taxpayers dollars are spent?
MP3: Give the guy a break.
He s worked so hard to keep a
MP4: And we still have to cut
$750 million in the September
budget. Every day I hear
another organisation has a
spending freeze already.
MP3: Well, we should just be
grateful it doesn t affect our
MP4: Which reminds me,
there s something odd I noticed
in the MP travel reports.
MP3: What s that then?
MP4: Jay Weatherill. The man
who would be our most formida-
ble opponent as leader.
MP3: Except Conlon and the
rest won t allow it. What did you
MP4: He hasn t taken a single
taxpayer-funded trip since you
lot got into government.
MP3: Good grief, a man of
frugality and principle?
Determined not to waste public
MP4: What a guy. No wonder
some of your mates hate him.
You wouldn t want that spread
around, would you?
(*Though they are fictional, MP3
and MP4 like to keep an eye on
the public purse.)
Armstrong, weak leg
The boy stood on the burning deck
Atkinson s two hipflasks of Slivovitz were
never far away while live on the ABC s
March 22 election coverage.
The Book of Revelation 13:17-18 warns that the number
of the beast is 666 -- the devil s number. Not for a
Goolwa X Lotto winner. He or she is $666,666 richer
after matching all six winning numbers in this week s
lotto draw. And he or she was one of six people sharing
the total prize pool.
Perfectly beastly win
Spencer Gulf s
In the know
Links Archive July 15th 2010 July 19th 2010 Navigation Previous Page Next Page