Forum Archive Index - August 2000

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

       The upturn in the rural economy seems to be gathering

momentum. The all important feel good factor is very strong.

This confidence has finally begun to be reflected in higher share prices

for the rural stocks. 

     Question is how long will continue?

 Im confident that for the next year or two the outlook is going to be

mainly positive in the rural sector, this should mean that there

should still be plenty of upside for Wrightsons. The price has risen

more quickly than even i (eternal optimist)  was predicting.

    Quickly moving from 45-58 c.  I suspect there will be some consolidation

around the 60c mark, before further upward moves during the

remainder of the year.

    Its hard to see what woould cause the shareprice to fall in the

next year or so, other than the usual suspects. ie global stockmarket crash

or some natural disater weather wise.

       All in all it looks like Wrightsons is a good bet for those who of a

nervous disposition. Not much downside with the prospect

of a slow but sure rise in price.

 

 nick