Forum Archive Index - April 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

Pretty depressing news from Affco for those who have had their expectations built up for a while.

 

...refreshingly, at least, they didn't blame the Olympics - or a depressed building market - or a venture into Australia.

 

Pity about the performance though, because if there was ever going to be a fantastic year for Affco this year had everything going for them to succeed.

 

Similar thread through a lot of the recent disappointing performances by some companies, here and in Australia,  - unstable management that takes the eye of the ball and it all ends in tears.

 

On the other hand strong and focussed leadership implementing robust strategies doesn't often lead to disappointments - especially when market conditions are not always favourable.

 

Confirms that more weight needs to be put on who runs the company, what their strategy is, how strong their market position is etc when assessing investment decisions. Good financial performance usually follows in these cases.

 

Cheers

 

Peter

 

Disc - do not hold AFF. Did look at their website a few weeks ago and had to send an e-mail off to them saying they had better change the wording on the page that showed their share price graph. It read 'the Affco share price has shown a strong and consistent rise ......'. The wording did get changed in a few hours and they thanked me for reminding them of their current performance.