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Rural Equities provides an update on their portfolio:
http://www.unlisted.co.nz/uPublic/un...cement_id=2211
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 Originally Posted by Armillary Private Capital
Management certainly being proactive.Very positive.
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Member
Originally Posted by percy
Management certainly being proactive.Very positive.
More interesting would be innformation on what they propose to do with the money. REL has had money to burn buying out shareholders (under value) and now has another $9.4m to play with. Given the last buy buy back fell short of maximum it can hardly claim shareholders are still asking it to buy back at substantial discount! Equally interesting was the ODT report of this classifying REL as " the Cushing family's farming group Rural Equities Ltd "! Of the same vein NZ Herald reported the Synlait float under the heading "Chinese dairy float for NZX " What about other shareholders' interests?
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Originally Posted by 1leon
More interesting would be innformation on what they propose to do with the money. REL has had money to burn buying out shareholders (under value) and now has another $9.4m to play with. Given the last buy buy back fell short of maximum it can hardly claim shareholders are still asking it to buy back at substantial discount! Equally interesting was the ODT report of this classifying REL as " the Cushing family's farming group Rural Equities Ltd "! Of the same vein NZ Herald reported the Synlait float under the heading "Chinese dairy float for NZX " What about other shareholders' interests?
Yes it certainly will be interesting to see what they do with the $9mil
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Junior Member
Originally Posted by percy
Yes it certainly will be interesting to see what they do with the $9mil
http://www.asx.com.au/asx/research/c...de&asxCode=TAN
The above link show a ssh notice on becoming a substantial security holder on the 5th July. Looks like REL has invested in TAN.AX
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Junior Member
Looks like REL has increased their stake in Tandou. REL owning 11% and H & G about 6.5%. Gives them 17.5%. Would think at that level of holding you would see some kind of board seat offered to D Cushing. Try and close the gap with the Tandou share price and the nta. Average price around 43c. Current price around 48 getting up to 51 the other day. Still a wider discount to nta than REL. probably not bad buying up to 50 - 55 cents.
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Result is out.
NTA $4.77 6cents per share to be paid2/10/2013.
"With a quality portfolio of farms in NZ,some interesting growth opportunities,and a strong balance sheet,REL is well positioned."
Reassuring knowing we are "well positioned."
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