Michael I like your summary of Afdawn. Any other shares at discounted value?" "by ACDT posted: 05 Oct 18:16.... ....Thank you kindly ACDT.... - I'm currently looking at Amecor, I put a buy order in at 91, which I must admit is probably asking for a little too much for my money, however the volumes are extremely low at the moment, which may motivate those who are in urgent need of cash-flow to bail-out on my terms. The business (from a fundamental perspective) is astonishing. Went over their annual report the other day, and I consider it as close to perfect as this exchange can muster. Please note though that due to the liquidity being in the state it is currently, this would be a long term investment whether the investor likes it or not..... ...."It's the business model that drives this business, not the management" ?? really ?? I would say that management is way more important as they execute the business plan. by Galuc.... ...Galuc - When a great management team meets a weak business model, it's usually the business model that wins out. The inverse is also true, If bad/average management are given a perfect business model to manage, they would be hard pressed to fail outright. The example I like to use is as follows: The amount of coca-cola that is consumed on a daily basis on this planet is greater than the amount of water that falls off of niagara falls over the same period - If I gave you 500 Billion Rand and the 50 top managers on the planet, you COULD NOT create a product that could out-sell this product. You simply cannot create a cafe, restaurant, coffee shop, shopping centre, hotel, vending machine, etc that does not supply this beverage, if you do, why even bother opening your doors? Failure is inevitable. If I placed the world's most incompetent directorship in charge of coca-cola tomorrow, would it result in the human race consuming less coca-cola? Of course it wouldn't. The retailers wouldn't even notice, and while the business may experience some operating inefficiencies, the model its-self would take 20 years to destroy completely, if that's even possible, by which time the incompetent management would have been long ago been replaced. Business models (good or bad) endure. Management may or may not.