While a small top up compared with the annual fees Mrs McArthur generates from her Directorships, nonetheless it's always positive to observe Directors adding to rather than subtracting from their holdings.
She's slightly 'out of the money' as of COB today (strictly before CSPA) but as with so much in life, as my Parish Priest reminds our congregation at Mass. one has to try to be patient. ING has substantial debt so rising interest rates are a concern, but on a more positive note it has scope for some further efficiencies.
Whether annual chicken consumption per capita can increase further is an open question - I suspect it may have almost plateaued - but the Federal Government (despite opposition from a substantial section of the community) is pushing ahead with plans to again increase immigration.
If that occurs, Australia's population will rise faster than just from 'natural increase'. In turn this will expand the number of potential ING domestic consumers, even if say many mainland and other Chinese who arrive as students probably regard pork as their number one preference not chicken.
ING Price at posting:
$3.49 Sentiment: Hold Disclosure: Not Held
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