Ann: Chairman's Address to Shareholders 2015, page-4

Very true, Webbj. The share price is now not far off the 12 month high.

There hasn't really been any dramatic news about the company or industry, although I did see one report last month mentioning that the Chinese were snapping up Macadamia orchards in Australia, so possibly that may partly explain the sudden surge of interest. Even so, the fact that Macadamia orchards are 'hot property' in Australia isn't exactly a new development.

I am wondering if the interest in Buderim over the past month might also have something to do with the short-selling of Select Harvest shares. When it comes to Australian tree-nut stocks, BUG is arguably the next best thing after SHV out there, although admittedly there aren't too many options (only four by my count).

While this is an interesting company, some question marks remain. As noted above, one issue is the high debt levels, a second concern is the product recall in November last year, and finally it should also be noted that even today 40% of the revenue of the company is from the ginger segment, and ginger seems to be suffering from a bit of a worldwide glut at the moment.

As such I wouldn't be too surprised if they announced a capital raising some time this year, although if this does come about you would imagine they shouldn't have too much trouble attracting support.