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Investment
2 mins to read
5

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.

Tim Hunter Fri, 26 May 2023

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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Tim Hunter Fri, 26 May 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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7

NZ Rural Land Co: A few issues – part 1
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Allied Farmers to pay $8.3m for management company buyout
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3

Frankfurt listing for NZ Rural Land Co
Investment

Allied Farmers seeks takeover of NZ Rural Land Management
Company profile
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Previous Close
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Movement
Volume
Avg Daily Volume
Daily High
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52 Week High
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Related News
On the Money
7

NZ Rural Land Co: A few issues – part 1
Investment

Waterman Capital principals boost stake in Allied Farmers
Investment

Allied Farmers to pay $8.3m for management company buyout
Investment
3

Frankfurt listing for NZ Rural Land Co
Investment

Allied Farmers seeks takeover of NZ Rural Land Management
Rural Land Co suspends dividend, announces share buyback
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