Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Yes. I was there.
Will write a commentary soon.
Watch this space....
Thanks Vaygor. Will wait with anticipation. I was going to attend but ended up going to Westport this morning so could not make it this year. Will have to resign myself to next years AGM.
Are they downsizing livestock financing.?
The presentation did not give clear information.
No. on the contrary. But very selective and a big empahsis on risk management.
The CEO said (carefullY0 that this year is tracking well.
They have about 65 stock agents on board now verses 40 something a year ago.
Good business, good balance sheet, management with feet on the ground but nimble.
No. on the contrary. But very selective and a big empahsis on risk management.
The CEO said (carefullY0 that this year is tracking well.
They have about 65 stock agents on board now verses 40 something a year ago.
Good business, good balance sheet, management with feet on the ground but nimble.
Are they downsizing livestock financing.?
The presentation did not give clear information.
They described their finance operation as plateauing.
My understanding (and I could be wrong) is the banks don't want to lend money for this kind of activity under the present climate. Nothing to do with ALF's health. Based on this, if they can secure further funding, then the financing of livestock transactions will continue increasing.
Last edited by Vaygor1; 27-11-2019 at 01:15 PM.
Reason: typo
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Originally Posted by golden city
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