Forum Archive Index - July 2000

["nick" <acummin@es.co.nz>]

 For some time wrightsons were in the doldrums, on many sharebrokers

sell lists. That has well and truly changed and the company is now

looking good for several reasons.

 

 1. Farmers after years under the cosh are suddenly suffering from rare optimism.

They are starting to spend up on new equipment etc and a supplier like wrightsons

will be a major benificiary. My partners relatives are farmers and they are very

confident

 2.  Guinness peat i believe have plans for the company in which they have a sizable stake.

Could be in connection with a big australian rural company.

3. The price of shares has begun to rise, but is still way down on a few years ago.

4. The next result out soon is expected to be a strong one.

 

         These factors combined make wrightsons a good bet at anything under 50 c

they will not rise that fast but i expect them to gradually creep upwards

 

 disclosure i recently bought some for.45c

 

 nick