Forum Archive Index - March 2001

["Michael Gore" <michgore@paradise.net.nz>]

I saw in the Dominion yesterday an article about Sanford which mentioned that the share price of Sanford had benefited from the shortage of meat in Europe.  Also Richmond's share price has done well and I read somewhere partly due to European shortages.   My Dad corresponds with people in England who told him that supermarket meat shelves are close to empty there.  If the effect of meat shortages overseas was inflating prices and increasing demand for NZ product, then I would have thought that meat company AFFCO would be attracting buyer attention even if only as a speculative play.  Yet the price has not come back from the plunge after Ross Townshend resigned.  I'm trying to get my head around this.  Is his resignation really that serious to drop the share value this much?  I've been trying to find anything else in the news to explain a revaluing by the market and haven't found anything.  I'm only a small holder but thinking of buying more.  Regards   michael