Forum Archive Index - January 2001

["Colin Ross" <ceejaynz@xtra.co.nz>]

Congratulations to  both of you on keeping courteous and focussed on your
opinions.
I read a recent quotiation
"Courtesy opens every door"
Ceejay

----- Original Message -----
From: Mark Hubbard <mhubbard@es.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, January 07, 2001 2:53 PM
Subject: Re: Re: Re: [sharechat] NUF to come right


>
> From: Narena Olliver <narena@nzbirds.com>
>
> > I have no desire to be rude but I wonder how in touch you are with your
> > farmer clients. It is the excessive use of and reliance upon chemicals
> > and nitrogen fertiliser which is the core of the argument, to the point
> > where NZ's green image is an international joke.  The future of farming
> > lies with getting free of these damaging chemicals and the farming
> > methods that go with them. There are positive aspects of genetic
> > engineering for the environment, so long as companies like NUF keep out
> > of the act. ciao, Narena
>
>
> mmm. Getting a bit heated, and I agree, outside the boundaries of
Sharechat,
> so I suspect this will be my last post on this issue.
>
> We have arrived at an impasse, essentially because we are now arguing what
> should or could be, rather than what I am arguing will be, and its
> implications for the profits of, and thus shareprice of, firms like NUF. I
> guess my final point, regarding the shareprice of NUF and such companies,
> would be by posing the following questions:
>
> What do you think would happen to NZ's economy / world food supplies, if
> nitrogen fertiliser were withdrawn from the market today (just one
chemical
> product)? I guess you can figure out what my opinion would be -
disastrous.
> Also, given the current world population, how do you go back from this
> current production postion, to an organic rural economy producing
> considerably (perhaps I should say, vastly) less output than it is
currently
> (because organic means lower output)? After answering these, then the
issue,
> regarding NUF's shareprice, is what implications does that have for the
> sales of such companies - my opinion is that the firm will continue to
> increase sales in line with their expectations  Thus, my argument follows,
> on a discounted cashflow valuation basis, NUF is undervalued.
>
> All the best Narena (and you to Te Ranganui - and you're probably right,
> there may well be too many 'fellas' on the planet, but the fact is they
> exist, so how, also, do you go back from that? :)
>
>
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