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Ann: Market Update, page-63

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R08

2,702 Posts.

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19/11/17

21:25

Post #: 28934003
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Originally posted by Amused observer ↑

I guess I will just have to sit on the sidelines and play keyboard warrior in HotCopper on this one unless something unbelievable leaps out at me and grabs me off the ceiling and threatens to pull my legs off unless I do something.

AHF had potential, great potential really but folded and threw the cards in and have gone niche, boutique and invisible. This one had the makings of a small to mid market dairy farm aggregator but was always going to struggle and now it doesn't seem to have a focus at all unless it can pull off some sort of favourable debt deal for the dairy farms up north in VIC & NSW and then get a lucrative FGMP with some farm improvements. The cost of servicing the debt will kill it in the long run if the Fiji foray doesn't get it first.

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Great HC comedy may be all that remains....I am afraid. Even as a shell the EV is too high.

Once upon a time I thought otherwise....

PDF Price at posting: 2.9¢ Sentiment: None Disclosure: Held
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