ALF - Allied Farmers Limited

[BRICKS]

Well the farmers are consolidating after recent take over position taking and ALF has fallen to a low position so no better time to BUY,, but last year two former employees removed .5 million out of the till and did not tell the BOSS made him very angry so they thew them in jail but the money is still amiss but with this now behind we can look forward to a better year.. [8D]

[Snow Leopard]

Are talking about the wool fraud? I thought $510,000 for that had been repaid during the 2004 year.
Or is it yet another one?

[k1w1]

Bricks, we already have a thread on this company.

[BRICKS]

Yes it was $510,000 removed but all they got back was $4,000 leaving $506,000 short so they now will move on,, The search did not find one for about the ALF only so Regards.. [8D]

[Snow Leopard]

Announcement stating that pre-tax result for the year to June 2006 is likely to be static compared to 2005. But with no one off tax benefit this year.

[BRICKS]

WELL a steady year means 16 cents div always a possible takeover but better still there not broke and the only direction is UP,, WATCH and select BUY.. [8D]

[Sideshow Bob]

Farmers income are going to reduce - unless the currency takes a dive. Commodity markets are starting to come back, and conditions are worsening after some great times in past years.

With interest rates increasing, farmers will have less money to spend. Can look to the share price of Pyne Gould Wrightsons, which has dropped about 40c of late.

Could be another pup like AIR. [8D]

[BRICKS]

YOUR looking on with the normal KIWI doom & gloom,, "BOB" but KIWI FARMS are at a record price, the world is crying out for food GOV`s are working on the problem so more of long term required,, BUYing this share is the same as being on you own farm & real estate agent all in one,, instead of Knocking go back and read there REPORT.. and have HAPPY XMAS.. [8D]

[Sideshow Bob]

Wasn't just a comment on ALF, but on the rural sector also. Farm prices correlate to farm income. Historically prices are at high levels, but have to also look at the overall picture. ALF rely on farmer spending - interest rates are increasing (many farmers are heavily leveraged), and commodity prices decreasing. Costs continue to increase, and expenditure will be squeezed going forward. This obviously won't help ALF, where conditions will be tougher than in the past 3-4 years.

A static result is over the past year, and the heavier weather is ahead.

Not trying to be pessimistic, just telling it as it is. Lamb schedules are 10% less than what they were a year ago for example.

http://www.ruralnews.co.nz/Default.a...=9375&pageno=1

Share price has steadily declined over the past year, from about $3.20 to $2.30. A chart would be interesting.....


Merry Christmas to all!!

[BRICKS]

RIGHT,, But reading your stated paper that bloke is lucky to be breathing,, But as there is only two or three major companies available for investment just try to pick the best of the worst as you would say, as the alternate is to do nothing.. XMAS 2005.. [8D]