Comments on: South Canterbury CEO Lachie McLeod leaving to ‘pursue farming interests’ (Update 2)

By: David Hillary

David Hillary — Sun, 29 Nov 2009 21:37:42 +0000

while there is not much news about SCf other than the sagas of its borrower’s failed projects being sorted out, I’ve put up a poll on the next big hurdle for SCF: creditwatch — what credit rating will they get?
see http://davidhillary.blogspot.com/2009/11/credit-rating-countdown-and-poll.html

By: chip

chip — Sun, 29 Nov 2009 01:56:54 +0000

Good debate at

http://www.sharetrader.co.nz/showthread.php?t=2754&page=28

on SCF ,,,, the sharetrader site never deletes or moderates posts (imho) , despite some fairly ‘grunty’ accusations and revelations being posted.

Worth reading the SCF thread on sharetrader back to mid June or so , most of what may have been considered ’slanderous / libelous’ by this site has proven to be 100% correct .

Chip

By: Boris the Frog

Boris the Frog — Sun, 29 Nov 2009 00:40:34 +0000

Oh the stories I could tell about goings on a SCF… well it seems that will all have to remain hidden…

But would I trust Hubbard?

Nup.

remember folks… that’s just an opinion.

By: PeterR

PeterR — Fri, 27 Nov 2009 08:22:35 +0000

cows2:

Is this just a comment to increase the apetite of farmers to buy these shares or just a reflection of the fragile monetary (Dubai!) situation the world still is in.

I suspect there may be some pressure on Fonterra from their bullish payout forecasts, and this is just a start in softening up shareholders for disappointments to come.

By: cows2

cows2 — Fri, 27 Nov 2009 08:08:58 +0000

PeterR

I agree, I wont be unless there is a change in the fundamentals that leads to the yeild going and staying in double figures or the value of the shares going up. Might be a case of wait and see.Anyway I would think if a farmer has spare cash either debt reduction or a bit diversification away from Ag would be the better alternative at the moment.

The comment by Fonterra today regarding the potential of a fall in the milk price next year is interesting. As the lower milk price will lead to an increase in the value added part of the business, thus resulting in better earnings for holders of wet shares. Is this just a comment to increase the apetite of farmers to buy these shares or just a reflection of the fragile monetary (Dubai!) situation the world still is in.