I'm only a recent holder, having bought in during December. I'm looking at a 12 - 24 month time frame, for the simple reason that irrespective of the China story, both the Woolworths story and the expanded product range opportunities present as compelling stories going forward.
Last week, I was down in the South West corner, along with the lower South East. Both areas were bristling with activity. The Midfields expansion is itself significant, something that many have missed out commenting on. Their new Penola plant (the former Safries factory complex) is significant and is now on track for April+.
Penola will handle the storage of frozen and fresh product, as well as construction (late 2016) of a new milk processing plant including a powder dryer for emphasis towards the export market although in this they are looking at targeting elsewhere than /beyond China.
AHF Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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