From the presentation it appears RHL is tracking pretty well at the moment.
My main concern with this company has been its directors' lack of substantial skin in the game.
This concern is starting to dissipate.
Here are directors' current holdings, with a * if they've increased their stake during the last 6 months:
Johnstone* 43582
Vonhoff* 46607
Dillon* 75000 (plus 281654 performance rights)
Lee* 83334
Millner* 26978
Macpherson 0 (but only appointed on 5 Dec 2017)
The main reason I'm holding is the chart - it looks great to me.
Another significant reason is that RHL has an unbroken history of annual profitability going back to 2000 (with just one negative half-year result over that period). It therefore appears to be somewhat recession-proof.
Another reason is that RHL is a good diversifier for my portfolio (agriculture sector).
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- Ann: RHL - 2017 AGM Presentation 2 February 2018
Ann: RHL - 2017 AGM Presentation 2 February 2018, page-2
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