I sincerely hope not mate, but I suspect you will be proven...

I sincerely hope not mate, but I suspect you will be proven right sadly.

The lazy way to business growth (ie - M&A's) is proving to be their undoing but still they persist with this strategy. The idea is to either acquire real profit making businesses with good balance sheets etc or strengthening the existing business. BLC's historic financials were a disaster and I believe the P&L account was artificially boosted into profit solely for acquisition purposes and MFC wasn't much better.

Seems as though the performance of AN1 is now starting to drag down its principal shareholder's share price...




Embarrassing...