The cost of the expansion is higher than we expected, but diamond prices and demand have been buoyant, which means the project will meet returns targets.
More Quotes from Atul Lele:
We're expecting even more weak data to come out of the U.S.. We're not excited about stocks that are linked to the U.S. demand cycle for at least the next three to six months.Atul Lele
I think offshore investors would be looking at the Australian telecommunications market and seeing a stock that is already fully priced compared to its international peers and has sentiment weighing on it, at least for the shorter term.
Atul Lele
And our market is being helped by a bounce in commodity prices, after they were heavily sold off in the past few weeks.
Atul Lele
It's an excellent outcome for Toll even though they had to make a significant number of concessions.
Atul Lele
Funds management has been a standout, but is as expected, given the strong investment markets. Business lending is also strong and has slightly offset weakness in Westpac's home-lending segment.
Atul Lele
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