Forum Archive Index - November 2000

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

                                                                                          

1.LANG. Web site: www.lang.com.au  

  

 Annual results could be  close, I think.

 

Refer to my entry of Nov. 8, where these options were valued between $ 3.25-$ 4.50.

The option price was then $2.35; it is now $2.85.

 

There will be a lot of interest in this company and much comment can be expected on the effects of a drastic reorganisation coupled with two very sound takeovers.

 

 

AFFCO. Web site: < www.affco.co.nz >  Another company where a massive reorganisation has taken place; refer to my entry of Nov 4.The successfull transfer of the 110-staff Omanu cutting operation to Rangiuru has only just been completed.

 

Therefore, the benefits of this transfer and the execution of other items on their wish list, will be spread over some years. That may suit a long term holder.

 

Depending on the system of hedging, AFF may have been assisted by the low dollar. 

 

We need to wait for their comments on the effects of ' that dreadful cow disease ' in Europe.

Till then, it would not be wise to enter in a debate over any positives outweighing the negatives over the short to medium term.

 

We ought to get AFF's annual result in the perod of Nov.25 to Dec.6.

 

 

Gerry

( Holder of stock in both companies)