Perhaps one other reason yesterday with AOE, was there was a lot to digest. I think some would be buyers might have held back regardless while digesting the management changes, as well as due to the market.
I note from the 09 AR, specifically that: *Davies has 5.52mm shares *Bizzell 3.79mm *Barlow 8.63mm
Apart from Davies taking a pause before taking over as Chairman these three all remain on board looking after their wealth, and ours.
As for Simon Potter, well he's not coming into the core. Also many of us probably paint him unfairly from Hardman where he really was dealt a dud hand, and did help us exit with our shirts, what was with hindsight a dire situation.
I will be watching Arrow much more closely than I would have for the next year or so. Still in the bottom drawer, but the drawer will be inspected regularly.
Hopefully we get a decent little bounce today.
EL
AOE Price at posting:
$3.55 Sentiment: LT Buy Disclosure: Held
