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[sharechat] Nufarm

From:	"vincent.wang" <vincent.wang@xtra.co.nz>
Date:	Thu, 27 Jan 2000 11:25:53 +1300

Apart from those reasons mentioned by some of you, I think the following two reasons also would have negative impacts on Nufarm's profitability:

1) the worldwide hike of interest rate. Nufarm has a weak balance sheet, its debt ratio is as high as 66%.

2) the weakening of Euro dollar. A large portion of Nufarm's income is derived from Europe. If the N.Z. dollar appreciate to 60-61 cents(against Greenback) by the end of this year as some economists predicted, then Nufarm would incur some exchange loss.

RGDS,

Vincent Wang

Disclosure: holder of Nufarm shares

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Re: [sharechat] Nufarm Nigel McCarter

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