Give you guys a good steer on why ALF is not worth investing in & why Bricks hasn't got all the facts to be pushing this stock....
but .... happy to leave you be.
Ignorance is bliss.
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Give you guys a good steer on why ALF is not worth investing in & why Bricks hasn't got all the facts to be pushing this stock....
but .... happy to leave you be.
Ignorance is bliss.
WOULD be happy for you to leave so the HALF report out on FRIDAY can be read in PEACE.. [8D]Quote:
quote:Originally posted by sniper
Give you guys a good steer on why ALF is not worth investing in & why Bricks hasn't got all the facts to be pushing this stock....
but .... happy to leave you be.
Ignorance is bliss.
Good luck Bricks navigating the upcoming cyclical downturn, should be a challenging second half for ALF. Fingers crossed the weather aligns with ALF's business model over the next year?
Press Release
Good weather, lower farmer confidence, weigh on Allied Farmer's first half
Benign weather and gloomy economic forecasts have combined to knock back revenues and profit at Hawera-based rural services company Allied Farmers Ltd.
Net profit after tax for the half year ending 31 December was $758,000, a drop of 50.8 per cent on the previous year's figure. Earnings before interest and tax (EBIT) were $1,136,000, also a decline of 50.7% on the previous year.
Group operating revenue was $42,080,000, a fall of 8.3%. The company
declared an interim dividend of 5 cents per share, fully imputed (unchanged from last year's interim dividend).
The Chairman, John Loughlin, said while the results were disappointing, they had been expected, and signalled to the market in December.
"All companies servicing the rural sector have been affected by these
conditions. Good weather has reduced demand for farm inputs, while a drop in confidence across all farming sectors has discouraged spending.
"It is clear that the cyclical upswing enjoyed by the rural sector over the past few years has topped out." He cited a Rabobank-ACNeilsen survey showing 69% of beef and dairy farmers, and 83 per cent of sheep farmers expect economic conditions to worsen.
The tightening conditions affected the Group's Merchandise, Livestock, Real Estate and Wool divisions, but Farm Finance and rural processing had produced improved results.
Mr Loughlin said the regional operations of Waikato Farmers, Taranaki
Farmers, King Country Farmers and Manawatu Farmers remained strong, and had in some cases increased market share. He expected this to continue, in a changing trading environment.
Allied Farmers Finance had had a strong half-year, posting a 103 per cent rise in EBIT to $477,000. However, the Pine unit had continued to struggle. While results in this Division were down on the first half of last year, they were well ahead of the second half of last year. Restructuring costs also had affected results. Indications were that change initiatives and a fall in the NZ dollar would further improve the second half result.
Mr Loughlin said Allied Farmers had a solid base of good businesses, and believed the second half - traditionally a busier time for rural services companies - would produce a substantially improved result. He said the group would continue to seek opportunities to grow the scale of its businesses, in a manner that would reward shareholders.
MITRE 10 one day PRIME FINANCE LIMITED the next this is weather proof and doubles the ALF finance biz size with diversity ,, GOOD ONE BOYS,, [8D]
AS ALF seems to be heading for $2.60 shows the a better quaility stock hard to find these days as told before a good outfit other than Snipe`s saw mill which is turning around slow but will be there when needed.. Finance will up the profits other than LIVE STOCK.. [8D]Quote:
quote:Originally posted by BRICKS
MITRE 10 one day PRIME FINANCE LIMITED the next this is weather proof and doubles the ALF finance biz size with diversity ,, GOOD ONE BOYS,, [8D]
THE takeover of PRIME FINACE is now UNCONDITIONAL and will proceed in MAY 2006 try and BUY some SHARES.. [8D]
Sawmill type acquisition is the finance company. ;)
The market initially liked the sawmill too.:D
THANKS for writing Snipe means action words of wisdom,, as you have been put in charge of the wee saw mill whats happening to make it come up trumps,, Finance is always a good bolt on just ask a bank on the other hand try to BUY a share good times a HEAD.. [8D]Quote:
quote:Originally posted by sniper
Sawmill type acquisition is the finance company. ;)
The market initially liked the sawmill too.:D
so things not going that well in ALFland .... and the sawmill seems to be the problem .... at least one of them
and Prime Finance lends on cars I notice [8D]
But no worries, heh?Quote:
quote:Motor Vehicle Finance
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