sharetrader
Page 5 of 7 FirstFirst 1234567 LastLast
Results 41 to 50 of 70
  1. #41
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Now that's incredible.
    Farm property sold for 20% more than June 2014 valuation.

  2. #42
    Guru
    Join Date
    Sep 2009
    Posts
    2,685

    Default

    Really ?Have you seen the way beef prices have lifted ?
    S & B properties have been static for 7 + yrs
    Due for a lift now ?
    But was quite a lift !


    http://www.sella.co.nz/property/rura...rming/169ql9q/
    Sheep & Beef finisher so brought for converting to dairy,dairy support or subdivision ?
    If take off value of stock $100/SU then $6.5 m & $13000/ha may have been reasonable buying?
    I,ve had an order in for REL shares for 6 months but very illiquid & tightly held.Price has lifted considerably & way off the mark on my bid now !


    Quote Originally Posted by percy View Post
    Now that's incredible.
    Farm property sold for 20% more than June 2014 valuation.
    Last edited by kiora; 30-11-2014 at 07:21 AM.

  3. #43
    Junior Member
    Join Date
    Jul 2013
    Posts
    12

    Default

    Looks like REL has made some good gains with their Tandou shareholding. A scrip takeover has pushed Tandou's share price up from around 44c to be now close to 60c. I think REL own just over 6% of Tandou??

  4. #44
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by Options View Post
    Looks like REL has made some good gains with their Tandou shareholding. A scrip takeover has pushed Tandou's share price up from around 44c to be now close to 60c. I think REL own just over 6% of Tandou??
    Yes certainly a great investment.
    I see the buyers are still lined up ,after taking all the sellers out yesterday.

  5. #45

  6. #46
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Yesterday's announcement that REL will be buying back [and cancelling] 1,515,677 [4.23%] shares at $4.20 from The Rotorua Energy Charitable Trust on the 20th January is positive for shareholders, as it will improve NTA, and give us a bit bigger slice of the cake,or in this case, of the farms.

  7. #47
    Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    104

    Default

    It is in fact depressing the realty that REL shares cannot be disposed of by shareholders except at an enormous discount to asset backing- 24.5% discount to $5.57 according to last annual report of 30 June. And the buy back will continue the creep of the Cushing interests ever closer to extinguishing small shareholders . I see it was in March 2013 that I pointed out that Cushings could advance to 2/3 ownership in 3 years if buy backs continued. Yet again I see little prospect for shareholders other than that Cushings will ultimately take out the whole company at a gross discount to value. It a pity Unlisted has been allowed to survive. This company as a listed public company would be a totally different story and future.
    QUOTE=percy;595652]Yesterday's announcement that REL will be buying back [and cancelling] 1,515,677 [4.23%] shares at $4.20 from The Rotorua Energy Charitable Trust on the 20th January is positive for shareholders, as it will improve NTA, and give us a bit bigger slice of the cake,or in this case, of the farms.[/QUOTE]
    Last edited by 1leon; 02-11-2015 at 01:15 PM. Reason: added "listed"

  8. #48
    Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    104

    Default

    sorry duplicated.
    Last edited by 1leon; 02-11-2015 at 09:04 AM.

  9. #49
    Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    104

    Default

    I have just received REL letter to shareholders calculating the asset backing of $5.57 is a premium of 33% to the purchase at $4.20 rather than the discount I had mentioned. Curiously it makes no mention of the fact that the purchase will advance the per centage of the company held by Cushing interests and is disproportionately in their interests.

  10. #50
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Wrong Side of the Tracks
    Posts
    1,587

    Default

    Another reason to dislike buybacks. Give me the money anytime.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •