Thankyou DW for a Nice piece of research . yes by all accounts, LON paid over the odds, that's widely reported. But if BFC did know something , it wasn't sinister, otherwise why would IFL, obviously with an experienced vote from Sexton, take up a large chunk of LON last week? I don't have the answer by the way, but at this point I'm pretty comfortable watching this play out. The whole Ag sector is very much of part of the future economic success of Australia. And boy, have I tried to invest in that theme.
I've been invested in AAC, WLD, CSS, ELD, SHV in the past and keep expecting these older ASX plays to shrug of mediocrity and shine. I can say with my hand on my heart, ELD has been the only Ag stock I've banked money. Good Manager , Allison. Ive listened to ex staff complain about CSS, Dominant family interest that fail to take advantage of the trend. How about WLD ? IPO from $1.20 to .17c , disgraceful management, now living in Singapore to hide their shameful plundering of Australian shareholders. Murray Goulburn Corporation, sheet what happened there? And what's happening with that Damn prawn farm proposal in the West?
My partner invested in A2M and smashed the lights out, clearly the brand is important, the reputation. So I'm banking on reputation with LON, reputation can still go along way with Asia. That's how I see it anyway, wouldn't be the first time I've got it wrong, thanks for your input.
LON Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
