ALF - Allied Farmers Limited

**minimoke** · 09-04-2010, 07:49 AM

Originally Posted by Silverlight

Where did that figure come from?

I keep a list of ACC holdings and thats what it shows as at 7 April

**Alan3285** · 09-04-2010, 03:29 PM

Originally Posted by minimoke

ACC now holding around 10.9m. Thats around $37k 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.

Are you sure about that value figure?

Seems a bit low to me....

Alan.

**minimoke** · 09-04-2010, 03:52 PM

Originally Posted by Alan3285

Are you sure about that value figure?

Seems a bit low to me....

Alan.

Of course youre right - a blond moment. Still a drop in the bucket with their $1,100m in NZ eqities.

**Alan3285** · 09-04-2010, 04:32 PM

Originally Posted by minimoke

Of course youre right - a blond moment. Still a drop in the bucket with their $1,100m in NZ eqities.

Is it just 10.9m @ $0.06 ~ $650,000.

That would make it roughly 0.06% of their portfolio (I am assuming your figure of $1,100m is about right).

I don't think they'll sweat it too much ;-)

Alan.

**minimoke** · 09-04-2010, 04:47 PM

Originally Posted by Alan3285

I don't think they'll sweat it too much ;-)

Alan.

I don't think they will either - I'd imagine they would have the Receptionist monitoring ALF during her tea break. Actually that figure is just theri NZ equities. Total ACC investements for reserves are around $10,750m. $650k would hardly register a blip and they would make more by getting a Benny off the compo.

**Silverlight** · 09-04-2010, 04:55 PM

Mini just wondering where you source your figures?

I get mine from Deep Archive and ACC have increased their holding to 16.0m shares as at 1 April.

This to me is indicating a trend that they are slowly accumulating a large stake in ALF

**minimoke** · 09-04-2010, 05:04 PM

Originally Posted by Silverlight

Mini just wondering where you source your figures?

Usually a variety of sources - in this case the Companies Office (so there may be delays in them updating their records??) and the ACC Annual report. Buying a down trending stock would be an interesting play by ACC - especially if they are buying small amounts.
16m shares still only gives them 0.8% holding (best check my math!)