wolf cowling hits 237 ft net pay, page-14

Guys I sympathise with the predicament and I have held this one for ages and been frustrated.

However we need to cut back on the moaning a bit and only post when there's something constructive to say.

The stock is off roughly 70% from its peak and we all know that at some point it will pick up.

But in this bear market you really can't expect the share price to move until the market looks a bit stronger.

AMU has made a few mistakes, and there are plenty of other companies off 50-70% who have not made any mistakes.

I actually back AMU management. I dont even think ARW was a big error - after all, they sold a large slab of ARW at its IPO and made money out of it.

The oil hedging was certainly not an error - it was a requirement put in place by the banks. If they didnt do the hedging they wouldnt have been able to buy the oil at what (in hindsight) was a very good price.

They are creating value.

If the market doesn't want to recognise the value you can't blame management for that.