deniscaff21 Feb 2011 09:14
Apologies, re my previous BB contribution 22 Jan, my comments were confused with a different share on the LSE BB.
However, I do have shares here and I am currently 11% down at the mo, which I presume looking at the charts is fairly good compared to some on 'here'. I do however think that the share has a good future, Wisemans seem to be having a bit of a cost reduction drive- a local factory in Okehampton is closing because it is not efficient and I guess there are a lot more savings to come, so hopefully it will emerge ready to fly again.
These Milk & Dairy stocks do seem to be cyclical and Wisemans know what they need to do to get contracts I guess, as they have been doing it for years. I cant see any short term gain unless investors at large suddenly see the inherent value and potential. The share in my view will only go up significantly if the prospects for the company look good just prior to or after a succesful new contract with a large supermarket.