AGL - Accordant Group. was previously AWF Madison, Allied...

[Snoopy]

I am doing what the directors (or at least the 'shareholding directors' like Simon Hull) are doing Winner. I am taking up the maximum shares I can through the dividend reinvestment plan. As for buying more on market, I will keep my gunpowder dry a little longer. This 'controlled reduction' (?) to providing workers for construction projects could be a permanent hit to the AWF side of the business.

As Simon Bennett said in the Interim Report for FY2019:
"It is clear that there is opportunity in the construction sector and that, well-managed, the opportunity exists to deploy large numbers of migrant workers. We will be conservative in the degree to which we continue to participate for the foreseeable future."

If so that recovery I am always predicting could be to a lower level than I was thinking. I see that under the latest restricted share scheme, presumably to incentivise the employees, that the 2021 to 2014 'in the money' redemption price only needs to be above $1.90. Probably employees going to work and eating their lunch would achieve this. That isn't much of a 'growth vision' for senior management to grapple with.

You might be missing an opportunity. one and 4 week low was $1.72, $1.73 which is pretty much the same as the 5 year low.

Well I didn't miss the opportunity. Managed to top up at $1.61 over the Christmas break. Average holding price now $2.13, so still 'out of the money' (not counting dividends). Not sure when I will be back in the black in capital terms, but it might have been yesterday. Buyers at $1.71 and sellers at $2.18! That is a pretty big spread, although I see things have come down to earth with the share trading at $1.70 on 'huge volume' (40,000 shares) today.

No wonder the share price is $1.73 ...though it’ll go up today as punters ‘buy’ the 8 cent divie

At least the directors have faith ...buying more to support the share price.

You need to help them out Snoops and buy some more

Have now 'done my bit' Winner, but feeling like a thief at the price I bought those shares at. Perhaps I need to turn myself in at the cop shop? I might get home detention! Then I could lie on the doghouse and spend more time studying AWF.

SNOOPY