CAV - Cavalier Corp (Carpets)

[Ekrub]

Could be just selling their jewels
https://www.interest.co.nz/Charts/Rural/wool-prices2
Raw wool priced halved in last year
Then sustainable surplus around $2.5 after lease payment?

Fed Farmers approve. https://www.scoop.co.nz/stories/BU20...wool-focus.htm

[macduffy]

Fed Farmers approve. https://www.scoop.co.nz/stories/BU20...wool-focus.htm

Yes, we would expect Federated Farmers to approve. More importantly, what is being done to make wool carpets more attractive to buyers? There's been plenty of wool promotions in the past but price relative to the cheaper synthetics has been a problem.

Disc: Not holding.