And include A2M and BGA as none of those fit. In fact there isn't many companies that would see AHF as a good strategic buy and to buy and strip there isn't much to strip out either. BFC maybe a buyer at best.
It is a company looking for a growth based development plan to take it from where it is to the next level not a take-over target and the problem is the current incumbents don't have the appetite or momentum for growth right now so it sits and plods along.
Lets see what comes out of the quoted "...working on a strategy update document for the information of securityholders that it expects to be able to release to the ASX within the next two months." - issued 28th March 2017.
Personally I don't hold too much in this as it is clear it will be some form of reaffirmation of the "The Group’s initial business strategy was to aggregate, consolidate and improve quality dairy farms to maximise milk production volumes for sale to established milk processors to take advantage of increased pricing for increasing production volumes. This strategy was essentially based on getting a higher price for a pure commodity product because of the attraction to processors looking to secure higher volume supply." and look where that has got us - $1m+ loss for the half year, a share price of 15 cents and complete and utter confusion amongst shareholders as to what exactly is the business of AHF and where is it going.
If you are holding your breath for the "new strategy" I hope you have a spare oxygen tank and regulator close by. We wait and see.
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Last
4.1¢ |
Change
-0.004(8.89%) |
Mkt cap ! $12.63M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.0¢ | $78.25K | 1.852M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 141836 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 740876 | 0.125 |
10 | 545141 | 0.120 |
4 | 362511 | 0.115 |
7 | 208000 | 0.110 |
1 | 25000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 88114 | 3 |
0.135 | 253636 | 8 |
0.140 | 460127 | 9 |
0.145 | 165385 | 2 |
0.150 | 157451 | 5 |
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