Over the past 5 years the all ords is up about 15% & alf has roughly halved, that would’ve been a great long/short! It’s hard to believe that with all the resources contacts time experience etc that they could do so outstandingly poorly (for investors anyway) JB presentation on Livewire was arrogantly shameless. Also, how can you not be outraged that the only thing supporting the share price (the buyback) is suspended while JB buys??? Imagine being able to withdraw the demand side while you buy & imagine being so shameless as to actually do it! On the positive side they may’ve milked this to the point of catalyst, however I’ve lost money twice thinking they surely can’t be so incompetent. (Maybe it’s me not JB who’s been the fool)
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