These financial results position AGL to deliver on the improved dividend payment outlook for 2006 and 2007.

There's a very strong sense of urgency to show improved results now.

We see it (the dividend hike) as an indication of our strong outlook for the business in the years ahead, and an indication that we see a strong performance in earnings and cash flow not just in this period.

Campus climate is getting better, but it can always be improved,

The recovery in the global financial backdrop is a key part of the outlook for tightening,

We do not see enough in the strategy outlook to offset the slightly disappointing results.