Forum Archive Index - December 2000

["christie" <bayvu@ihug.co.nz>]

Hi Warner. I'm picking that it's as simple as the fact that once again they
declined to pay a dividend...but I think it's wrong to assume that N.Z.
companies like Affco will benefit to any major degree from this mad cow/BSE
horror thing in Europe...people I speak to in Germany don't intend to eat
much more beef ever again.. time will tell...G.
-----Original Message-----
From: Warner Lamb <cloud9@i4free.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Wednesday, 6 December 2000 14:06
Subject: [sharechat] AFFCO


>Affco is off another 2c today. Given the recent result and future outlook,
>what do chatters think of this share. Looking at its figures, 40c would
seem
>a great entry now.
>
>At current price of 40c it has a market cap of $81m with current earnings
of
>15m and a discount to NTA, and PE of 5.
>
>I thought the recent news on US restrictions would be good for AFF.
>
>Very interested in others opinions
>
>Thx
>Warner
>
>
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