Regarding Glenn Dyer’s story on Foster’s, you have not completed the circle. SAB Miller is a joint venture partner in Australia with Coca Cola Amatil in Pacific Beverages. Producing Blue Tongue, distributing Miller Beers etc. The CEO of CCA is Terry Davis — the background of Terry Davis — Cellarmaster Wines. If anyone knows the wine industry Terry does. How about an JV involving, Molson Coors, SAB Miller and Coca Cola Amatil — you could call it The Universal Beverage Company.

The large Darwin based bookmaker, Sportsbet, won’t be giving punters who backed Obama their money till inauguration day in January. Other betting agencies like Sportingbet and Betfair and a host of others have paid out their Obama punters already. But not Sportsbet. Their spokesman, Phil Hannah (1800 132 387), told me it was “because of the risk Obama might be assassinated” between now and inauguration day. He said he hadn’t even considered the interest he’d earn keeping tens or hundreds of thousands of dollars in the bank for an extra two-and-a-half months. They can be contacted at: 1800 132 387.

More CBA jobs have gone; Small Cap Research entire team GONE, and others in the equity space, nine in total. More to come. Melbourne and Brisbane are tomorrow (the 7th of november) Once again from the markets area, it seems that they are gunning to reduce headcount in the sales/trading areas, this is all happening whilst the bank is rolling out a new system forcing clients online, once again morale is very low and the dealing room is almost up for a coup.

Over the past 18 months, many golf courses along Melbourne’s Yarra River have undertaken course work to build huge dams, in anticipation of losing the right to take water from the river. Courses believed the government and water agencies would stop them taking millions and millions of litres a year from the Yarra last year, but so far nothing has happened. Now the courses are not only watering greens, tees and fairways with river water, but filling their dams from the Yarra, all so a few thousand people can whack a ball around on green grass, and despite environmental flows through the Yarra being under stress.

What do a certain high profile Socceroo and Lance Armstrong now have in common?

Peter Fray

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Peter Fray
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