Ausgrp

Ausgrp: RBA governor Glenn Stevens stated that he was optimistic on Australia's economy and refuted the resource minister's comments that Aus mining boom was over. Stevens was of the view that the peak in resource invt shld occur within the nxt yr or two. This might lend some support to Ausgrp's and by right even Civmec's share price. On a co-specific angle, Ausgrp has underperformed Civmec recently (although still rising) and investors might also be making a bet on its results out on nxt Wed, 29th Aug aft mkt.