Forum Archive Index - March 2000

["nick" <acummin@es.co.nz>]

       The rise of nufarm has begun and here are the

reasons why it will continue.

 

1) Fundamentally the stock should be over 6 dollars which

means at present levels the stock is way under valued

 

2). The selling in New Zealand is now finished, anyone who was going

to sell during the stocks slide will have already done so

 

3.) Nufarm has made it into the aussie index which telecom and the

     fletchers failed to be included in. The stock is now being taken up in

    earnest by the portfolio managers

 

 4. A proven record of eps growth which is likely to continue into the future

 

 5) They announce their yearly results this week and judging by the way

      the stock has begun to move upwards in advance of the announcement a

       good result is probably expected

 

          Conclution : The complete lack of selling pressure, plus an expected

   good result could see this stock rise rapidly during the week to at least 4.00

possibly 4.30.   There will still be room in most portfolio managers selections for this

stock which has only recently moved to oz.  Buy now before the opportunity passes,

there is virtually now downside risk at present prices.

 

       disclosure   i own stocks bought at  5.75  5.55  4.35  3.40 and have no intention

of selling in the foreseable future

 

 nick