big question marks ??????????, page-52

I am not going to draw you into doing anything because obviously you have to do your own research but look at all of my comments I made publically back when RFG fell after the profit guidance downgrade announcement. I bought RFG back when it fell to 4.45 the subsequently overweight at 4.12 and look at the share price now. The same when people thought that TGR approval and whatnot was in limbo along with court challenge by HUON. I also made my comments that outlined the fundamentals. All of them came true big time.

I see things in fundamental and not what people speculate or think on and if the fundamental is good then it is good. API fundamental is strong and very to understand because it is simple with barely any moving parts. Its retail arm is selling relatively low value items DAILY ESSENTIALS, STAPLES. Its wholesale pharmaceutical and its retail in soul patt and priceline pharmacy will remain long after Harvey norman and the likes go bankrupt. It is just that consumer sentiment is weak and who knows for how long and the share price reflects this + panic, what is also priced in also is the amazon impact and that is the part that is very tenuous.

I will reiterate this again, when consumer sentiments pick up so will API share price. There is just no doubt about it, API is not some speculation or novelty company. Given time it will recover to its proper value, which is around 1.85-1.95 and from there it would go upwards. In the mean time, accumulate or if not sit back and enjoy the dividend. Personally I just bought at 1.475 and will keep buying and average down with the trend.