Rural Land Co suspends dividend, announces share buyback
The market is materially undervaluing the investment company's shares, says chair.
NZ Rural Land Company chair Rob Campbell.
Farmland investor NZ Rural Land Company has suspended dividends in favour of a share buyback, saying its share price materially undervalues the company.
Rural Land Co shares closed at 85c yesterday, valuing the company at $119 million compared to a net tangible asset value per share of $187.5m at
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