As Phillip Fisher advised, management have countless ways to screw over shareholders. Best not to associate with those of no integrity.
Study the IPO and the reports before the IPO and see if these are the kind of guys you'd trust your money to.
They've scam the investors from before day one of the IPO.
I mean, of the $600m or so in cash after IPO, some 97% of that goes towards paying PEP, management and the loan PEP and SCA borrowed to repay themselves.
After IPO, Asaleo have something like $20m in cash - from maybe its own operations, or maybe some short term borriwng, I didn't bother to look.
Anyway, I don't know what the price actions will be... maybe the company will just chug along and business with Aldi and PNP will save the day. But I'd rather not knowingly associate with managers who start off screwing their retail shareholders.
Maybe now that we're their shareholders - like PEP before - these clowns will treat us better? That's a dream I reckon.
AHY Price at posting:
$1.65 Sentiment: Sell Disclosure: Not Held
