quote:
Originally posted by SCOTTY
Quote:
quote:Originally posted by Awryly
Anyone have shares in any of the wineries? And why?
Hi Awryly
Yes. I hold OBV, the NZAX listed, Oyster Bay Marlborough Vinyards Limited. [
www.oysterbaywines.com]
I think that the product is excellent and the company well managed by the 30% owner, Delegat's and with limited future growing land available, wine from this area is unique and over time the value of this area must have strong growth. OBV exports about 90% of production and is well regarded.
Production is growing fast from new plantings and a maiden divi is expected this year, hopefully in excess of the forcast 9c gross [:p].
Worth holding a few shares just for the AGM :D; Lunch, wine tasting and a bus trip arround the companies 3 vineyards [8D].
On current market values in the area I understand that the NAB per share would be about $4.60 which is well above the current price of under $2.00.
Cheers