ALF - Allied Farmers Limited

[golden city]

Very promising result eps almost 12c

[nztx]

The Directors will update at the Annual Meeting in November as to whether a dividend will be paid.

Hahaha .. very good

Are they still out busily counting the trees being managed ?


https://www.nzx.com/announcements/417229


No mention of those Fees converted to NZL shares @ 1.65 a pop now a shadow of what was paid for them


Obviously the large impairments must have gotten lost under someone's boardroom chair ..


Wonder how the spiralling interest costs look in NL along with captive fees grab against where the
estates are sailing in more diffucult times ?

More borrowing & vast acreages for acquisition needed to keep the ALF Management fees side from
looking a bit shaky or would that amount to too much card stacking in ensuing economic gales ?

[Sideshow Bob]

https://www.nzx.com/announcements/417396

WAF Limited – Unsolicited Offer

Allied Farmers Limited (Allied) advises that WAF Limited (WAF) has notified its intention to write to Allied shareholders with an unsolicited offer to purchase up to 1,650,000 shares in Allied at $0.715 per share. This is a 3.5 cent, or 5.15%, premium to yesterday’s closing price for Allied shares of $0.68 per share.

Recent VWAP’s (Volume Weighted Average Price) for Allied’s shares to 29 August 2023 are listed below:

• 5-Day VWAP $0.68 per share
• 20-Day VWAP $0.689 per share

WAF currently owns a 14.25% shareholding in Allied. WAF’s offer is for a maximum of 1,650,000 shares out of Allied’s total shares on issue of 28,806,434. If WAF acquires the maximum number of shares under the offer, its shareholding will increase to 19.99%.

WAF has advised there will be no brokerage payable by shareholders selling into the offer.

Allied recommends that shareholders who receive an offer from WAF should:

- read WAF’s disclosure document and terms of offer carefully and thoroughly; - contact an authorised financial adviser; and - check the most recent market price for Allied shares.
Shareholders are under no obligation to accept any offer or to take any action in respect of the WAF offer. Unsolicited share offers are subject to the Financial Markets Conduct Regulations 2014. Under these regulations, unsolicited offers must be made within a clear and concise disclosure document that outlines certain prescribed information. Shareholders have the right to cancel any acceptance of the offer up to 10 working days after the date of their acceptance.

If shareholders need or desire further advice on this mater we suggest they contact an authorised financial adviser, a list of whom can be found on the Financial Markets Authority website htp://fma.govt.nz/.
-ENDS-

[winner69]

Those guys from Waterman seem keen on building a decent portfolio …and not just ALF

[golden city]

This is vote of confidence ,they bought from market and from elevation Capital and now takeover offer ,even lowball

[stoploss]

This is vote of confidence ,they bought from market and from elevation Capital and now takeover offer ,even lowball

They are only trying to top up 5% odd, how is that a take over offer ?

[nztx]

Those guys from Waterman seem keen on building a decent portfolio …and not just ALF

They must think this thing can fly - even with trying to keep the Forest & Farm Dirt Management sideline facing
managing a difficult puppy in turbulent times

NZL seems to be losing altitude today..

[golden city]

Too cheap the offer. The share is worth 1.20 at least

[golden city]

We will see I believe it

[WAIKEN]

Interesting trading today. There were a few tiny trades then a large parcel went. I wonder if that went to Waterman or another buyer looking to spoil their quest for 19.9%