Call me a noob, but what caught my eye in the preso was the number of investors - 1,128. Sounds incredibly low and suggests a small base of tightly held shares. Last thing you want is thousands of investors with a rising share price allowing the big fund managers to play their funny games of football with the price.
All in all, ARN is a 3-5 year hold.
Ann: Corporate Presentation, page-6
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