clainy6 May 2011 12:14
Nice to have some company especially footie supporter.
Agree with you that 540 is risky bit, but Lonrho management is pretty shrewd. After split from original company into Lonmin and Lonrho Africa they had to get rid of a lot of dead wood and rebuild. Strength is the breadth of the portfolio that's been built. They can afford to have 540 (which may work well in some of the countries it is in and not so well in others) when there is Luba Port, Oceanfresh, Kwikbuild etc. etc etc
This isn't an oil stock reliant on 'the big one' but it is OK for sure. I have made a fair bit dipping in and out but that's just the silly mm games and I try to take advantage. (Interestingly LONRHO has the same man at the helm as SOLO, David Lenigras, an Aussie. He deals pretty well!!)
Have a good weekend. GLA
PS Haven't we got one of your ex-managers Russell Slade? Very nice bloke, he is.