Years ago we invested money in a company that we believed in......Warrnambool Cheese & Butter. We were suppliers and when they needed to raise capital and floated the company on the ASX we extended our overdraft to buy shares.......a deal that certainly paid off. A few years ago we backed Saputo's bid to take over the company, but chose to sell our shares on the stock market......hence a problem. Russell listed our shares but unfortunately listed the incorrect amount.......why fat farmers fingers and iPad keyboards don't mix. The result was we were left with one single share in the company......lol! Over the years we have joked that we were one of only about 10 shareholders in the company.......that we could go to the shareholders meetings........that we got to vote on stuff.......we were even offered a share deal to increase our holding! Recently Saputo announced that they were going to initiate a total buy out of shares and on Friday we got our offer.
The paperwork is signed and we say goodbye to our one single share in Warrnambool Cheese & Butter.......but we will be $8.85 richer......woohoo!