Forum Archive Index - April 2004

[Stephen Judd <stephen@vital.org.nz>]

On Tue, 2004-04-06 at 18:31, Karyn W wrote:
> Hi guys
> Considering the following:
> - the NZ$ and AU$ now falling against the US$, with further falls expected 
> later in the year when the US interest rates go up
> - currently the highest commodity prices seen in 17 years
> - Australian farmers on a spending spree post-drought
> - industry rationalisation of their loss-making units
> 
> ... it might be argued that farming companies are poised to outperform the 
> market.  So its not suprising to see a takeover offer for WRI.  The question 
> is whether we are all being tempted to sell out too early, without getting 
> the benefit of this cyclical industry moving back into the spotlight.

Dunno. All I know is that I sold WRI at a small loss a couple of months
ago, and this is rather annoying. Thank goodness for DPC and MHI, or I
would be feeling very sorry for myself indeed.

It does interest me that what was once worth !.45 to Norgate is now
worth 1.50. Why?

And I too have my eye on PGG, Williams and Kettle, et al.

Stephen


-- 
Stephen Judd
stephen@vital.org.nz
http://vital.org.nz
027 255 9436


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/