Nice one Lex - I agree. And thanks @musky45 for the thread. I've...

Nice one Lex - I agree. And thanks @musky45 for the thread.

I've read a bit of behavioural finance and there is evidence that the best fund managers are the ones that are prepared to change their minds! They might sell a stock and then buy it back later at a higher price if they change their mind. Circumstances change and if you can look objectively at a situation without being anchored in the past, you can outperform. I reckon there are a lot of traders/investors selling AHZ on an anchored view of the past.

The investor presentation on 11/7 convinced me that this was a 'new' Admedus so was happy to buy more that day and also oversubscribe to the recent CR. I had asked the company numerous times to outline path to profitability (when it was under Rodne) and it was simply not forthcoming. Since the new management has been in place there have been numerous positive developments in my view, and I don't really care that the SP is whipsawing all over the place while the market recalibrates. If you look at slide 19 from 11/7 you will see a long range forecast of $5/10/20/40M profit in FY18/19/20/21 - if you believe these numbers and look at them objectively it makes AHZ a great buy at these levels (for medium term investors).