AGM 0.00% $1.60 australian governance & ethical index fund

serious comparison for agm holders to ponder, page-13

  1. 9,303 Posts.
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    Andy

    I know your post was not addressed to me but I suspect your questions fall over at the first one:

    "As a ZFX holder, who clearly thinks AGM is such a poor company with no exploration prospects, answer these questions please"

    I don't think anyone is saying AGM is a poor company with no exploration prospects - in fact it is a good company with some interesting further potential. What is being questioned is the perception of value relative to peers in the market place. It is really quite difficult to mount a sustainable argument that AGM is worth much more than the $1 offer when projections are ocnsidered and compared with peers. On that basis ZFX is offering a good price.

    It's pretty normal to price hope into expectations when you are a committed shareholder - it's certainly something I'm guilty of - however it's not something that the big money does in this type of scenario. It is they who will decide the outcome.


 
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