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Re: [sharechat] Farming


From: "Richard Hooper" <hoop@ihug.co.nz>
Date: Thu, 12 Jun 2003 20:34:29 +1200 (New Zealand Standard Time)


Hi all
As you probably know I live in Hamilton. The fieldday numbers haven't hit the press yet but the rumour has it,it was a record attendance on wednesday. I can beleive it, It's a night mare getting from a to b. Although traffic snarl ups are typical of fielddays week it does seem a little worse this year. Whether farmers are here for a good time or are here to spend, nobody will know for a little while yet.
Cheers
oop
 
-------Original Message-------
 
Date: Thursday, June 12, 2003 13:33:57
Subject: Re: [sharechat] Farming
 
Hi Mick,

>
> Farmers' Mood Improves
> 12/06/2003 07:14 AM - Reuters
>
><snip>
>
> Attitudes to farm investment also improved. More than three-quarters
> of those surveyed said they would maintain or increase spending on
> land, stock or plant.
>


Thanks for that Mick, and I left the last paragraph because I think that
is the important one for investors in the rural servicing industries. I
believe the chances are looking better and better that those high
dividend payouts from those rural servicing shares will be maintained.

I noticed WRI broke through $1.20 yesterday and the upward move is
sticking. Perhaps that will go some way to silencing the rural doubters
on this forum. Gross yield still over 14% even at $1.22! Certainly a
portfolio share that no income investor should be without I would have
thought.

What was that price you were going to get back into Wrightson at
Mick?

90c wasn't it ;-) ?

SNOOPY

happy to be on board, holding WRI







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