Not difficult, just buy them and hold them, agriculture isn't going to disappear anytime soon.
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Cushing continuing to sell off dragging the price down, he should have less than 1 mill shares left now (Shame he can't arrange an off market deal) will be the best yield on the NZX pretty soon, going to start buying more in a little while.
The old share price taking a tumble so lets raise guidance trick
Always works - share price heading back to $4.50 in next month or so
http://nzx-prod-s7fsd7f98s.s3-websit...416/369758.pdf
Last year ebitda was $56m ....firstly they said 'around $58m' for FY22...and then its going to be 'around $62m' ,,, and now its going to be $66m
I said a month or so ago it will probably end up at $66m
I now raise my guidance to $70m
Eodger is the man
Easy pickings here at current price levels to make this decent income stock for long run, only people with rocks in their head sell so cheap.
Todays list of gainers isn't exactly a great crowd to be in but I'm happy to take it.
6.1% is a very useful response, but I'm still a long way underwater - may the re-rating continue...
Yesterday's market report had fonterra as the largest rise with 2 percent. We had 6. I think it would have been worth a mention.