Along with a hand-full of other die-hards I went to the meeting yesterday.
A few comments:
Cap raise obviously a success.
New board looks promising
CEO doesn't have runs on the board - time will tell if he can turn it around
Cereal & Snacks was a good sale for an unprofitable business.
Seafood to be improved and then sold.
Dairy & Nutritionals seeing a significant operational turnaround
Seeing big growth in plant based
Cpy has a strategy for China. It's currently 13% of revenue and don't see it falling
Had a recent ruling in the Blue Diamond case with 9 of 10 in favour to FNP. Could go on another 3 weeks or 3 months.
CEO MP amazed at the success of Oatly Group IPO in USA. So very good to see the new Milklab Oatmilk. In stores next month.
This turnaround is going to take time but it's looking like there is a floor under the price at 40 cents.
Could be a foolish attempt to recoup but I'm back in. From my experience in investments, that the pain of a realised loss isn't near as bad as the pain of regretfully watching a stock go back up.
DYOR
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