Forum Archive Index - May 2004

["Fiona Phibbs" <fibz@xtra.co.nz>]

Hi MacDunk

 

I don't agree with some of your assessments, but then everyone is entitled to there opinion.

For one what decisions have Wrightsons made that have led to the recent big drop in profit? I would have thought that the company was a cyclical closely mirroring the rises and falls in the local farming sector -ie influenced by commodity prices and exchange rates which are beyond its control. Secondly who are the opposition that have been increasing their profits? WKL another farming sector stock had a drop in its last full year profit too. And if you are comparing it to PGG remember that the company merged with Reid Farmers and so the performance would need to broken down to get a true picture.

 

cheers Dean 

----- Original Message -----

From: Duncan MacGregor

To: sharechat

Sent: Thursday, 13 May 2004 12:47

Subject: [sharechat] RPI yes or no by macdunk

Without the Involvement of RPI which has lifted the share price on the back of expectation
to much higher level I would suggest $1-25 a fair guess price.    The decissions over the
last few years made by the wri board have seen a big drop In profit and at the same time the
opposition who dont bleat out excuses increase theirs.   Perhaps norgate Is the answer.
WRI badly need a bit of down to earth common sense on the board remember this dog
of the past how many left on the board that fear this move?.  
                              cheers macdunk
discl nil but will think It over If norgate succeeds