Amendment to the Constitution at the AGM last year - removed the shareholding limitation of 20% for any one shareholder. That was a major barrier preventing moves for a takeover.
Admittedly NAM shares are thinly traded and it would take some effort to engineer a takeover of some kind but the company remains too small to compete on any scale. The farmer shareholders might decide at some point that it is time to cash in their asset and free up some capital to deploy elsewhere in their farm businesses.
NAM Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
