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clock Created with Sketch. 02/12/16
22:21
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Originally posted by spiffin
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Also bought today. I'm one of the lucky ones - got in at $1.38 and sold a parcel at $16.38. Held on to the majority. Today's reaction is ridiculous. The fundamentals are still very good and, remember, their strategy is broadly across Asia, not just China, over the next few years. I saw Stage 3 at Woolies with a Manufacture date of 1 September 16 - that's got to indicate recent and high turnover. Yes, China is huge and we know management have some strategies in place to better position the company if possible, but the sales in Australia are very good, as are prospects for expansion in other sites.
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Not surprising to hear both Laura and Christine recently talk about expanding into Indonesia and Iran respectively. Both come to realise how difficult China market is, notwithstanding its size.
