You wonder how long the unions will take it.

It's a pretty good solid result given their fuel costs have shot up. Dixon's been very dynamic.

It's the outlook that is causing some worry because they still have things like the race broadcasts and smoking bans to work through.

They don't want to go too heavy because if it does pullback then they're paying the higher price so hedging is a two-edged sword in that respect.

I think it is the Singaporeans. These guys are readjusting their portfolios.