Well said thats exactly right.Holding on a loss for a very long...

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richrichie

3,394 Posts.

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01/02/19

12:18

Post #: 37298231
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Originally posted by Sammieboy: ↑

Morning all.
Predictable performance.
Next disaster will be half year results - big loss?. Will new CEO "clear the books" or will he still be there??
Must be out of cash/capital and have little or no access to new sources at an acceptable cost. What has happened to asset/investment sale/s - Ferguson's stake, Water, DDT, BT?? Can't sell Dairy Farms as they are encumbered to ANZ.
Big investors must have fled or be waiting for the share price to bottom then buy or for the Company to fall then deal with the Administrator (is this one close?).
Looks like the only saviours could be,
do nothing and dream - is this the Boards approach
make to big profits and free cash - how and when? Possible?
new issue - suspect price would be sub $0.10 share and then Management and board have to change
sell - who would buy.
Roger Sexton and the Board time to stand aside. Fresh blood needed OR is it too late!!!
Very consistent and a bloody disgrace.

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Well said thats exactly right.

Holding on a loss for a very long time and sick and tired of the sp slide and hoping it somehow rally again.

So therefore I decided to sell and make money elsewhere. With an over $20m current debt and a market cap of only $56m or so isn't very promising. Definitely capital raising is on the cards or administration.

I'm out and good luck to all.
Last edited by richrichie: 01/02/19

BFC Price at posting: 15.0¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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