Rural Equities Limited (REL)

Looks like REL has increased their stake in Tandou. REL owning 11% and H & G about 6.5%. Gives them 17.5%. Would think at that level of holding you would see some kind of board seat offered to D Cushing. Try and close the gap with the Tandou share price and the nta. Average price around 43c. Current price around 48 getting up to 51 the other day. Still a wider discount to nta than REL. probably not bad buying up to 50 - 55 cents.

Full announcement here:

http://www.unlisted.co.nz/uPublic/un...cement_id=2255

Result is out.
NTA $4.77 6cents per share to be paid2/10/2013.
"With a quality portfolio of farms in NZ,some interesting growth opportunities,and a strong balance sheet,REL is well positioned."
Reassuring knowing we are "well positioned."

Annual report posted now:

http://www.unlisted.co.nz/uPublic/un...cement_id=2281

Updated issuer profile:

http://www.unlisted.co.nz/uPublic/un...cement_id=2285

22,318 shares traded yesterday @ $4.30 for consideration of $95,967.40 means the share price upward trejactory remains intact.

Annual results have been announced.

Quote:

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Originally Posted by Armillary Private Capital

Annual results have been announced.

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What a cracker.and anincreased dividend.I note the 8202 for sale at $4.40 got brought pretty quickly.No sellers at present.NTA has increased from $4.77 to $5.37 and the out look for sheep and beef is strong.Dairying out look is weaker.
Would be near the top of anyone's "boring " list and,as such I expect it to "outperform." .

Annual report now out.

Update to property portfolio announced.