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  1. #1451
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    Quote Originally Posted by percy View Post
    Actually PGW have stated droughts can be good for their business.Usually droughts are regional,so farmers in drought regions sell stock to those not in a drought region.
    I expect the same applies to ALF.

    and the next few season's Bull & Cow haggling + Weaners trade look like ?


    A bit of a one-off IMO .. like NZLM being paid a fee for buying multiple muddy paddocks for NZL to have some acreage ..
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  2. #1452
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    Quote Originally Posted by nztx View Post
    Or closer to non existent (outflow)with NZLM surpluses getting soaked up into new NZL Shares before landing
    & the Livestock division etc sucking up more of what's left on the loose


    Must be doing well - huh ? .. hopefully no drought hits some loot coming back in ..
    Not sure if you had a chance to look at the results. Operating cash flow was 4.5 million and closing cash was 2.5 million higher than a year before, after raising 2.7 million and spending it on debt reduction and NZRLM. They also put another 1.5 million into livestock lending and paid out a dividend.

  3. #1453
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    Quote Originally Posted by mfd View Post
    Not sure if you had a chance to look at the results. Operating cash flow was 4.5 million and closing cash was 2.5 million higher than a year before, after raising 2.7 million and spending it on debt reduction and NZRLM. They also put another 1.5 million into livestock lending and paid out a dividend.

    the excuse with ALF in past for a very late TBA dividend has been the bucks have been tossed into the Stock lending

    NZLM should mean an end those excuses, with what should be more cash flow available unless they choose to
    continue coming up with delaying excuses or not take the cash at all from NZLM
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  4. #1454
    percy
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    Stock lending is showing soiid growth for both PGW and ALF.
    I would prefer no divie, so as ALF can increase their stock lending book.

  5. #1455
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    Quote Originally Posted by percy View Post
    Stock lending is showing soiid growth for both PGW and ALF.
    I would prefer no divie, so as ALF can increase their stock lending book.

    you may get your wish if certain events play out - but then there may not be much ca$h for anything ..

    best be careful what you wish for

    that fellow old Murphy may be listening in
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  6. #1456
    percy
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    Rabobank Agribusiness Monthly: NZ Price Records Sprung ahead of Spring.

    That headline says it all.lol.

  7. #1457
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    Seasonal, Market or other factors can & do change in less than a single season, more so than cyclical influences
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  8. #1458
    percy
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    http://nzx-prod-s7fsd7f98s.s3-websit...880/354395.pdf

    From the annual report.
    Shares on issue..28,807,000 [page 34] at current share price of 64 cents gives a market capitalisation of $18,436,480.,which means ALF is still a small company.
    Net profit after tax was $2,021,000 [page 6] meaning current PE ratio is 9.12
    Growth in Livestock lending,currently $5.2 mil is projected to hit $10 mil within the next 2 to 3 years.[page 12].
    Statement of cash flow from operating activities was an extremely healthy $4,501,000 [page 29].
    ALF is is sound financial shape with excellent growth opportunities.,and I would expect they will not pay a dividend,but use the funds for growth..
    High milk prices may deter farmers hanging onto boby calfs,which will work to ALF's advantage.
    Last edited by percy; 17-09-2021 at 02:41 PM.

  9. #1459
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    Something happened big behind the door the chairman and director gone and now the biggest shareholder bought out elevation capital has different direction fir the business

  10. #1460
    percy
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    Quote Originally Posted by golden city View Post
    Something happened big behind the door the chairman and director gone and now the biggest shareholder bought out elevation capital has different direction fir the business
    Should add to our fun.

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