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Re: [sharechat] Nufarm - Turned the corner?

From:	Rebecca Bibby <rbibby@free.net.nz>
Date:	Sun, 08 Apr 2001 18:36:53 +1200

Nick, I share your sentiments about Nufarm. The stock has
been oversold since the company moved to Australia but their
sale plans re the SulFer fertiliser works in Canada,  human
healthcare business (Pharma Pacific subsidiary), and 20%
stake in IAMA will make the full-year's results look
extremely attractive. Brokers estimate the share price to be
30% below its true value and a recently instituted share
buyback (about a week ago I think) has already seen the
price quickly climb from $3.15 to $3.70. I agree too that
buying pressure will very quickly see this stock return to
former levels.

Rebecca.


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