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York make some very richÂ…oneday

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Networth
Occasional Contributor
Nav at R7 and the trees are going nowhere and getting bigger every day. One day the world will have another property boom, commodities will again be the rage and as the Rand will weaken forever York will sooner or later again make a lot of sense. One day...maybe in ten or so years... but it will happen
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11 REPLIES 11
Super Contributor
In a long run we are all gone.
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Super Contributor
unless there is a fire. Are they insured against fire..?..gnome sane
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Super Contributor
Land claims - deliberate burning of her forests...
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Valued Contributor
gnome sane, didnae know you was a pg88er .. yip they insured
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Highlighted
Frequent Contributor
I had a friend who had R18 million of timber on his farm in KZN. Land claim and he lost the farm - he got R3 million
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Super Contributor
Kewl thanx simon...yes mostly an observer, with Eagle, Quant,praup, etc in the 90s?...so u were lurking there as well....really miss it ....remember the prostaflow and mouldmed and the laughs .....
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Valued Contributor
nope, I ended up owning it as page88, took it over from moneytech
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Super Contributor
ok kewl... miss it and all the nonsense..
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Networth
Occasional Contributor
For me the risk is not to have/watch York. In the years leading up to 2008 crash the price showed massive growth. Buying in 2001 at a 100c and selling in 2007 at 3000c would have shown growth of 3000% over a 7 to 8 years period. R1 became R30. And yes, the risk then was the same as the risk now.
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Super Contributor
Completely different company - different scale and no leverage. Thae had 9.9m shares in issue - so you can't look at the "then" vs "now" share price. On an adjusted basis - that would put the current company's R2,20 level at an equivalent "then" price of R75 a share...
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Super Contributor
Look at MASONITE - with a nice looking balance sheet and heavyweight owners. YORK WILL go in too!
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