Forum Archive Index - March 2001

["nick" <acummin@es.co.nz>]

       Havre always been a big fan of nufarm although its

recent performance (last year) on the sharemarket has been rather

bemusing.

     I attributed the recent slide below four dollars to the foot and

mouth epidemic in europe. However todays announcement seems

very positive, with no mention of that disease, or any other potential

problems, yet the price is still falling.

         Am i missing something?  Last time i looked j.b.were valued

this company at around 7 dollars a share,  they are widely percieved

as undervalued yet  still the price dosent respond.

         Ok they are in an unsexy industry, they are associated with farming

in europe where mad cows and sore feet rule the day, the issue of genetic

engineering of plants probably also puts people off.   However on a fundamental

level surely these shares are now at a giveaway price. 

 

  nick