Forum Archive Index - March 2001

[Mick Clifton <Mick.Clifton@eskimo.co.nz>]

Hello there,
I'm not a holder or follower of Affco but there are 2 issues that I think of
with regards to their share price and risk.
1) Quotas. You can only send your allowance to the EU and no more.
2) Foot and mouth. If it arrives here then you can kiss goodbye to the
agricultural
sector in New Zealand. One would think it would cripple affco, wrightsons
and the like.
All it takes is one forgetful tramper and its in the country!!
regards Mick  

-----Original Message-----
From: Wedde, John [mailto:john.wedde@cit.ac.nz]
Sent: Thursday, 22 March 2001 12:49
To: 'sharechat@sharechat.co.nz'
Subject: RE: [sharechat] AFFCO


Hi Michael.
I'm also a small holder and as puzzled as you about this. I'd have thought
they were well due for a rise in price. I repeat your question for any other
Affco followers out there. Are Michael and I missing something??
cheers,
John 

-----Original Message-----
From: Michael Gore [mailto:michgore@paradise.net.nz]
Sent: Thursday, 22 March 2001 12:15
To: sharechat@sharechat.co.nz
Subject: [sharechat] AFFCO


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
 
 
 


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