Forum Archive Index - November 2000

["G Stolwyk" <stolwyk@wave.co.nz>]

Thanks Peter

 

 

Your comments on adding much greater value to raw materials prior to exporting, are timely and in line with what AFFCO is doing, I surmise.

 

The effect of hedging the NZ$,if done correctly, should also increase profits.

 

 

The current lower dollar should assist but could be offset somewhat by higher freight rates;the overall effect should be positive this current year which started on 1 Oct.

 

All will be revealed shortly as mentioned in my note of  4 Nov. 

 

Early Jan. we thought that the share price could rise from then 33 cents to 50-60 cents in Dec. In percentage terms such a rise will be significant!

 

It appears that the AFFCO Board has also improved their relationship with the primary producers.

 

 

Please note whilst some care has been taken in the preparation of this report,circumstances can suddenly change; thefore, its accuracy and completeness cannot be guaranteed.Any claims for damages arising from this report will not be accepted and the reader is not asked to buy, hold or sell shares in any company trust or instrument.

 

Thanks for your valuable comments, Peter!!

 

 

Gerry