I appreciate that you are probably frustrated by the share price as even the chairman has expressed his frustration at the sharemarket, however I think your comment is more than a little unfair. I think the management have done exactly what they said they would do: extract and build value from the assets that have been acquired. That takes times. But by all accounts, that is exactly what is transpiring with Paris Creek and St David. Obviously, Maggie Beer did not go exactly according to plan initially (it happens) but there has been a remarkable turnaround there as well. When it comes to making announcements, there seems to be 2 types of companies -- those that put out a release at the drop of a hat and those that only do so when they have something substantial to report. I believe Longtable falls into the latter category and that is not necessarily a bad thing. When the market realises that Longtable is a serious business that can produce consistent growth, I expect there will be a sharp rerating upwards.
LON Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
