2016 Guidance Affirmed, page-33

Lilac gone are the heady days of thinking aloud about $3.00 a share. I think you already have the cornerstone shareholders move... I want another seat on the board to guide my investment. the fact that I think its IPO was @$1.65 odd that shows how bad this is. It must be a takeover target for both AGL and ORG. I did a compare analysis on share price for all three over 3 years , 5 years and 10 years ( ERM are only there for part of the 10 years) Over 3 year ERM is roughly in line with ORG but falls 30% short of AGL over 5 years the ratio is roughly the same over 10 years they have all been dogs in that the best AGL is only up 4%.

I doubt whether he can realistically sell as the window of opportunity must be small. I think he knew what was happening in the market and has already sold some some time back.

I think its a screaming buy at these levels but management may also now be emboldened to cut the dividend why pay 12c on a 90c share. Is that good - who knows?

I dont think I will punt anymore into this but it has irritated me as I did ignore many signs...

Not sure if investing in an unloved sector is really a good investment case under any circumstances. This business is better than its market price or potential in my opinion.

I think its really going to have to be good luck to all of us in here. Management are not flash with real hard info as well.