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Hi ML173 Believe it is a mixture of Northcape getting rid of...

  1. lost
    604 Posts.
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    21/04/15
    06:17
    Post #: 15123260
    Hi ML173
    Believe it is a mixture of Northcape getting rid of their holdings and others selling due to federal budget anticipation of foreign aid cuts.
    Will they survive? Time will tell. Coffey have historically performed better when governments invest in infrastructure, although mining boom helped put a bit of rocket fuel into it too.
    If only they had the same executive management team they have now, this downturn could have been a whole lot better.
    Best of Luck
    Lost
    COF Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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