Rural Equities Limited (REL)

[JayPe]

RURAL EQUITIES LIMITED RESULT FOR THE YEAR ENDED 30 JUNE 2010

So that's another year of losses, which are being supported by:
- sale of assets (Fox's Peak in Sth Island)
- current low debt to asset ratio (12.5%).

All this despite a high milk price. What is REL going to do to get to profitability?

[percy]

So that's another year of losses, which are being supported by:
- sale of assets (Fox's Peak in Sth Island)
- current low debt to asset ratio (12.5%).

All this despite a high milk price. What is REL going to do to get to profitability?

I have just read the annual report.I thought it was very good.The statement of cash flow was very positive,and I feel this is more important than the asset value right downs.The improvements they are making to farms and the improving out look for farms, make this a sound company to invest in.The NTA is shown at $3.82 and with last share sale at $3.11 there looks to be a good safety margin.