According to fruit and vegetable ‘king’, Frank Costa, the country's biggest grower and packer of fresh fruit and vegetables, Costa Group, has the right products and people and needs to stay the course as it deals with typical horticultural challenges, including weaker prices.
His comments came as Costa shares entered a five-day voluntary suspension from trading, and amid market speculation that the growing company could be considering an equity raising.
"I'm very comfortable with where the company sits, I'm very comfortable with its management, I'm very comfortable with the products that we're actually involved in that we're growing. And it's only just a matter of staying the course," Costa said.
Mr Costa and his extended family are significant shareholders in Costa Group and he is considered the founder of the modern version of the business. He retired from Costa's board in July this year, but remains an adviser to it.
Source: smh.com.au