NZ Rural Land Co: Forecast returns from a dairy farm – part 3
ANALYSIS: How NZL values its assets and an estimate of the total return from a portfolio of dairy farms.
This is, thankfully, the last instalment of a three-part deep dive into the local stock market’s only listed company owning dairy farms and forestry assets. The two previous stories have examined NZL’s strategy of funding its asset growth with issues of new shares at large discounts and its fee
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