The runs can be quite something on the ASX especially milk companies. AHF, A2M, BAL, they all get substantially oversold and sometimes in the case of magic milk make believe companies IMHO overbought.
AHF has always been and still is relatively more traditional milk/ dairy less magical like say Dean Foods, bankrupted, and A2M, now much reduced at a quarter of its former value.
While it remains a pure milk play IMHO AHF is relatively low risk and more comparable to a Fonterra than others on the market.
AHF has been dramatically oversold since the days of it being 62 cents. IMHO AHF can get back to the 62 cents and be worth 10x its market cap of old.
AHF management needs to avoid distractions like the takeover bids and rumors of old like those of A2M, Dean Foods (now bankrupted), Yili, Mengniu and possibly in the future Fonterra.
If AHF management had avoided the distractions, AHF would not have fallen from 62 cents and would now be taking on Fonterra IMHO.
AHF Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
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