:), Yeah, I fully agree with you there.
The bit what makes me feel uneasy is that while the vineyard is closer to full production, the value of the vineyard rises slower than capital added to the vineyard.
What a "surprise" you would put a positive slant on this. Stink bugs are back with a vengeance. Unreported, but I have it on good authority a number of ships have been sent back overseas without being unloaded because stink bugs have been found aboard. I was lucky my new car came with a shipment of other new cars from Europe, (too cold for stink bugs up there at this time of year) but nonetheless the ship was delayed for a week as other ships with second hand cars from Asia ahead of it were searched thoroughly by MPI. I got my car late, in the nick of time for Christmas.
Expect the stink bug issue might be raised as another excuse for the next downgrade....downgrades usually come in three's.
Just as well Turners are sourcing more cars from within NZ.!!!
Bit safer than vineyards.
No weather or bug problems [other than stink bug].
No worry being played off by three major UK supermarket chains.
No worry about frosts.
No currency concerns as NZ customers realise lower NZ $ means higher car prices.
No worry having to store cars three or four years before you sell them.
No worries about people's tastes changing.ie Will kids drink the same wine as their parents did.
Who would ever invest in a vineyard/ ..LOL.
Golly I am not getting far with "The Break" by Ronnie O'Sullivan.Only up to page 5.!!.
Back to that again.
I accepted the chairman of the meeting's explanation.
Made good sense to me.
Seemed I was the only one who did...lol
PS.The Oyster Bay agm I attended The Chairman only half filled the glasses.Very tight I thought,[as did all other shareholders.!].
pps.Not good,only up to page 15 of my book, and I have not had time to watch Cleetus McFarland on youtube tonight.lol.
http://www.sharechat.co.nz/article/c...r-downturnhtml
Company spokesman will put a positive spin on this somehow.