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  1. #1
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    Default Allied Farmers Limited ALF.

    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]

  2. #2
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    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?
    om mani peme hum

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    Bricks, we already have a thread on this company.

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    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]

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    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.



    om mani peme hum

  6. #6
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    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]

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    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]

  8. #8
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    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]

  9. #9
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    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!!

  10. #10
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    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]

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    Stand by for small notice.. [8D]

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    Well the company that you should now have small holding is moving right along buying the Mitre 10 Business in Hawera the head office town of ALF,, The store is adjacent to there existing farmers store and will make profits from the word "GO".. [8D]

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    Mitre 10 purchase has failed to drag the share price out of it's decline. Even with the amazing profits to be made from hardware in the "town with a tower", I do not see this as a great buy.
    om mani peme hum

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    Ah Bricks, we seem fated to disagree on practically everything. I don't experience such antipathy with many people - other than your good self, "The King" was the last poster with whom I could all but guarantee dissent.

    Here is a chart of ALF. Now, I know that this doesn't predict the future, but it does show that ALF is currently in a steady downtrend with no sign of any reversal - in fact, it made a new 12 month low just this week. It is not good to hold stocks that are in downtrends like this.

    As a "longterm hold" this stock has been a washout - the current price is still about what it was 4 years ago!

    ALF is too illiquid to rate as a good trading stock, though I do understand that you are more of a long-term holder.


  15. #15
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    quote:Originally posted by Phaedrus

    Ah Bricks, we seem fated to disagree on practically everything. I don't experience such antipathy with many people - other than your good self, "The King" was the last poster with whom I could all but guarantee dissent.
    It is almost as if Bricks is made from the verdigrease from The King's crown.

    Everyone got excited that ALF was the next rationalisation of the rural sector in NZ and the SP is recovering from the none event. Add in that they are not having a flash year, pretty static and no little bonus goodies to hike the headline profit and the only hope for this in the near term is that there is a takeover offer.
    om mani peme hum

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