Congratulations to management on the production and presentation of data relating toMcPherson's Ltd. All presentations were the most detailed and explicit I have seen from any company in years.
However, the fact that the share price has fallen 26% in less than 3 months, and indeed gathered momentum this last week, is a cause for concern. The foreign exchange factor is a major concern. With the recent SP fall, I was expecting a very bad update, but I believe there is hope for the future in the export area, and in the long term (hopefully) Kotia Deer Milk products. The flat spending at the retail level is also worth keeping an eye on.
With McPherson's continued good dividends, I think this is a hold/buy at these prices.
MCP Price at posting:
$1.24 Sentiment: Hold Disclosure: Held
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