re: Ann: Seven Network and WesTrac - Scheme I... I reduced my SEV holding today simply because it is not my the old SEV anymore. I still keep my SEVPC shares for income purpose, and try to get more today @$90, but missed out by 5 seconds.
I don't like the equipment hiring business. It is more or less a phony business. Having said that, I made some good money on NHC, and Coates Hiring, but lost a lot on BOM.
Well, having said that, I still keep a lot SEV shares for other purpose.
In a word, the new SEV group is a much riskier business. An award should go to Kerry Stoke for looting other SEV shareholders. Another award will go to the SEV board, for pull off such a deal in favor of one SEV shareholder!!!
IOOF has become a significant shareholders recently. It will be very interesting to watch their move.
Let's see.....
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