What I say are not financial advise. But to be honest, I do have a degree in business and did major in Financial Planning - so I probably am qualified as a financial advisor. But forget about that. Take any advise, from anyone, with evidence.
I know, where's the evidence that AHY is doing badly now right? Where's the proof to support the conclusion to get out, right?
Well it's right there in the presentations and reports. Why not do the research yourself.
You can do all the SWOT and all the forensic accounting 'til the cows come home. If management starts out screwing the shareholders, you think they'll start to change their tune now?
Why would I want to waste more time trying to figure out if they're pulling a fast one now when I already saw they pull a fast one just recently.
But who knows, say pretty please and I'd do it for you.
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Dick Smith's CEO and one other director bought a fair chunk of DSH stocks about two months before it collapsed. So too did a few well known fund managers. Look it up.
But why are Asaelo's board buying back $100m right?
Top of my head conspiracy theory stuff: SCA need Asaelo alive or else it will lose its market share into the ANZ/Pacific market.
Second, SCA's 36% stake is no chump change.
Third, SCA already taken out at least $100m, possibly $200 to $300m - we don't know because the reports didn't specify in detail - from Asaleo before the float; have had a fair chunk of change from the dividends since... So they can afford it.
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Anyway, accounting and business/market analysis is important... just sometimes you don't need the numbers to tell you management is screwing you.
AHY Price at posting:
$1.65 Sentiment: Sell Disclosure: Not Held
