I think I can explain why the SP drop on the 17th. Everyone should go and have a look at Co-operative Bulk Handling's Director elections.
All parties elected are staunch supporters of retaining a Co-op and not corporatising as was thought may happen. A corporate stucture would have allowed AWB to get in on the grain handling act in WA, it would have been a perfect fit for them. Not going to happen now unless they go it alone and manage to pinch some of CBH's business.
Coincidentaly the results of CBH director elections were made public on the 17th.
BofB
PS My sentiment is long term buy, but really I mean extremely long term buy.
AWB Price at posting:
94.5¢ Sentiment: LT Buy Disclosure: Held
