ALF - Allied Farmers Limited

**winner69** · 30-03-2010, 07:30 AM

So Allied might become a property developer

http://www.nzherald.co.nz/business/n...0635231&pnum=2

**minimoke** · 07-04-2010, 01:21 PM

Originally Posted by minimoke

Support at $0.070 now seems to have broken and its trending down. More punters reckon they can get in at $0.06 so that will be the next barrier. I reckon that can be breached hit in the next month. From there I reckon its still down hill.

Closed today at $0.064 (down to a new low)

Ding! A tad earlier than expected but there's the $0.06 threshold met today.

**steamroller** · 07-04-2010, 10:55 PM

Predictions for next 3 months anyone?

**biker** · 08-04-2010, 07:58 AM

Rob Alloway is coming across in the media as a bit of an ineffective mild mannered wimp IMHO. Time will tell, but not the traits needed in this hellish business.

**bung5** · 08-04-2010, 09:05 AM

Originally Posted by steamroller

Predictions for next 3 months anyone?

going down town

**Anna Naum** · 08-04-2010, 09:06 AM

The statement that they are not interested in risk is interesting

**bung5** · 08-04-2010, 09:12 AM

Purely from a share price and not looking at the fundamentals of the company these ex hanover shareholders are going to keep pushing the price down as they sell out. As to if the company is worth anywhere near its NTA is anyones guess

**minimoke** · 08-04-2010, 09:44 AM

Originally Posted by bung5

Purely from a share price and not looking at the fundamentals of the company these ex hanover shareholders are going to keep pushing the price down as they sell out.

Thats going to be the way of it for a while yet. At the moment there are only a few people in there offering $30,000 support at 0.06. But on the sell side there is nothing of substance - just people who probably want to rasie a bit of cash to pay for the "early bird" winter holiday to the Gold Coast. For Hanover holders, I reckon they figure the money is gone. So if you have nothing anything you get above zero is a bonus. At the moment there isn't a heck of a lot to motivate them to sell - but give them another month or two when winter comes that month in Australia is going to look a better option or putting in a new heater may be enough to encourage them to quit - at whatever price they can get. Which ultimatly means a falling SP for a while yet.

**minimoke** · 08-04-2010, 12:57 PM

Originally Posted by Silverlight

Start of Feb ACC owned 5.5m, start of Mar they held 11.5m.

Will be interesting to see what they hold on April 1. Currently the largest holder of ALF.

ACC now holding around 10.9m. Thats around $660,000k worth. Every 0.001 drop is peanuts to ACC - so they are probably a biit like Hanover investors: probably reckon there holding is now nothing worth thinking about. But it would be nice to know what they bought in at.