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Rural Equities announces the retirement of two directors:
http://www.unlisted.co.nz/uPublic/un...cement_id=2204
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Rural Equities provides an update on their portfolio:
http://www.unlisted.co.nz/uPublic/un...cement_id=2211
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Originally Posted by Armillary Private Capital
Management certainly being proactive.Very positive.
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Member
Originally Posted by percy
Management certainly being proactive.Very positive.
More interesting would be innformation on what they propose to do with the money. REL has had money to burn buying out shareholders (under value) and now has another $9.4m to play with. Given the last buy buy back fell short of maximum it can hardly claim shareholders are still asking it to buy back at substantial discount! Equally interesting was the ODT report of this classifying REL as " the Cushing family's farming group Rural Equities Ltd "! Of the same vein NZ Herald reported the Synlait float under the heading "Chinese dairy float for NZX " What about other shareholders' interests?
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Originally Posted by 1leon
More interesting would be innformation on what they propose to do with the money. REL has had money to burn buying out shareholders (under value) and now has another $9.4m to play with. Given the last buy buy back fell short of maximum it can hardly claim shareholders are still asking it to buy back at substantial discount! Equally interesting was the ODT report of this classifying REL as " the Cushing family's farming group Rural Equities Ltd "! Of the same vein NZ Herald reported the Synlait float under the heading "Chinese dairy float for NZX " What about other shareholders' interests?
Yes it certainly will be interesting to see what they do with the $9mil
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Junior Member
Originally Posted by percy
Yes it certainly will be interesting to see what they do with the $9mil
http://www.asx.com.au/asx/research/c...de&asxCode=TAN
The above link show a ssh notice on becoming a substantial security holder on the 5th July. Looks like REL has invested in TAN.AX
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Originally Posted by Options
Thanks for the link.
Welcome to sharetrader.
TAN looks an interesting company.
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Junior Member
Originally Posted by percy
Thanks for the link.
Welcome to sharetrader.
TAN looks an interesting company.
Yes it is, and well worth a look o invest in. If you are a holder of REL you would for certain like the same multiples and fundamentals that TAN trades on. It is likely to be able to generate more cash due to its water trading business also. Interesting the GPG was a large holder of this before selling down. Surely Sir Ron B and the cushings know a good long term opportunity. However with the chinese likely to enter this area it may not be a long term hold to generate a reasonable return.
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