having attended the AGM yesterday, the Q&A was the most interesting part:
Abercrombie was asked about does splitting the commercial / retail business make and sense? It was an unequivocal "yes," just don't know what will trigger them to do that.
Said don't be surprised for me to add to my own shareholding as a signal as to my thoughts on valuation.
UK sounds promising, they are not sending any more capital to that part of the world, but the opportunity is immense with no further capital required from the parent group. Not bothering to talk much about the UK as immaterial so far but that might change...
I got the impression Stuart Grimshaw is a good at allocating capital. The bar is set low, let see if he delivers...
having attended the AGM yesterday, the Q&A was the most...
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45.0¢ |
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Mkt cap ! $221.1M | |||
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