Lost 80% of value. An absurd situation to trustworthy shareholders and to some Mum and Dad investors who have reposed faith in Laura looking into her performance at Bellamy's. There was no indication of this when running businesses were acquired. Then the air was full of positive statements of benefit to the group and shareholders. Then there was no inkling of business foray into overseas and the statements from company were primarily targeting products reclassification, package, corporate style of functioning, milk production upgrade and distribution at large and sounded energetic team set up to propel the business objectives. We believed with patience. right. But the outcome is a loss after all the planned steps. LON will certainly get the capital raise given the Bell Potters underwriting and so too business promoters claiming stand out growth in future. What really matters now is business should at least come forward with a declared time bound plan of action for profitability for reclaiming shareholders trust which is in other word patience.
LON Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held