Oceania Natural - ONL

[Snow Leopard]

Lists on the NXT exchange on Thursday 31-Mar-2016 [Listing and Quotation Notice (https://nzx.com/files/static/cms-documents//03%2023%2016%20-%20ONL.pdf)]

I see (Murray) Ross Keeley is a director. (He sells SEA shares to buy Ocean more?)

Here is the Company Website (http://www.onlgroup.co.nz/).
It seems they sell the sort of stuff you would expect from a company with Natural in the name.

Best Wishes
Paper Tiger

DYOR

[Apathy]

I see (Murray) Ross Keeley is a director. (He sells SEA shares to buy Ocean more?)

DYOR

Add Tim Preston and Malcolm Lindeque to the list of ex SEA geniuses and its bound to be a winner! NZX sinks to new low in allowing this sort of rubbish on any of its exchanges.

[LAC]

http://www.nbr.co.nz/article/new-nxt-listing-oceania-natural-leans-china-potential-b-186894

Interesting numbers, does anyone have the link to the prospectus?

[Apathy]

https://www.nxt.co.nz/companies/ONL/announcements has most of the info (PR)

[LAC]

Wow, the Sharemarket has gone marbles in the last 30 days honestly.
Currently:
$1.620

[Apathy]

Capital value of $40m for a garage mail order company with no assets, no supply, no actual growth plan - could only happen in NZ - or maybe Nigeria. Land of the gullible. Hats off to ONL - job well done!

[jonu]

ONL got a plug on Duncan Garner's radio show yesterday, as a new listing that had surpassed expectation. I see it is now in trading halt. NZX questions?

[Harvey Specter]

Wow, the Sharemarket has gone marbles in the last 30 days honestly.
Currently:
$1.620
What did it list at? 64c?

And it is just a distributor? But into China so must be worth it.

[GR8DAY]

.........it all has to be an April Fools joke??

[Apathy]

.........it all has to be an April Fools joke??

We can only hope.........!

[kiwidollabill]

FYI they buy their honey via these guys....

http://taylorpasshoney.co.nz/

http://www.stuff.co.nz/business/small-business/76733384/business-is-sweet-for-newlook-marlborough-honey-company

[kiwidollabill]

Also....

"ONL believes that certain chemical markers in particular batches of Manuka Honey may increase overtime when stored for a 12-24 month period. This means that over the duration of the storage period the Manuka honey may increase in value and be able to be sold to the market as a higher grade of Manuka honey. To assist ONL in financing the purchase and storage of a large quantity of Manuka honey, ONL has borrowed funds from its bankers, and has entered into financial arrangements whereby third party investors will lend ONL money to purchase Manuka honey and additional interest may be payable in accordance with any value increase of the honey over the storage period. This minimises the cost of ONL acquiring and storing the honey for 12-24 month periods and aligns the costs with ONL’s product’s sale value."

This is now common knowledge and a commercially available solution...

http://www.analytica.co.nz/Tests/Honey-Testing/Forecast-MG-NPA-HMF

All the beekeepers know it too, hence honey barrels are now fully priced to max UMF at the time of sale. FYI Comvita (and a few other players) worked out this arbitrage a few years ago

[LAC]

Like a 12y old vs a 18y old single malt:)
Manuka 12mth is a fine drop

[Hectorplains]

Wow, the Sharemarket has gone marbles in the last 30 days honestly.
Currently:
$1.620

$2.25, off an intraday high of 2.32. Loopy.

[youngatheart]

Why didnt they list on the nzx for more liquidity? Cant buy any online through ASB, only by phone.

[Absolute144]

Why didnt they list on the nzx for more liquidity? Cant buy any online through ASB, only by phone.

Do you want some Youngatheart? I think the market is pricing this one to take off like CVT. Of course, that awaits to be seen.

[Hectorplains]

Do you want some Youngatheart? I think the market is pricing this one to take off like CVT. Of course, that awaits to be seen.

Target revenue for the 2017 financial year is $5.4m and they have a current capitalisation approaching $60m! How does that add up?

[kiwidollabill]

FYI this https://www.mpi.govt.nz/food-safety/food-safety-for-consumers/food-recalls/evergreen-life-limited-manuka-honey-and-honey-products/ has created a s**t storm in the industry. Be warned. Hopefully CVT is able to weather the storm...

[sb9]

Not living upto initial hype created, falling off the clip....

[King1212]

8% yield for Manuka bond...for those that have huge appetite of return in the current low interest market:D

https://www.nxt.co.nz/files/attachments/ONL000000/423635/ONL000000-241142.pdf

[Sideshow Bob]

8% yield for Manuka bond...for those that have huge appetite of return in the current low interest market:D

https://www.nxt.co.nz/files/attachments/ONL000000/423635/ONL000000-241142.pdf

Can't have quite fill up their offer......I got through from a company yesterday.....

TBK Capital has been appointed as a sub-distributor of Manuka Bonds, a new
high yielding investment with an interest rate of 8% per annum and the
opportunity to share in some potential upside in the value of the
underlying Manuka honey that is being used as security for the bonds.

The Manuka Bonds are being issued to wholesale investors by Oceania
Natural Finance Limited (“ONFL”), a wholly owned subsidiary of
NXT listed Oceania Natural Limited (“ONL”).

ONL is a
distributor of Manuka honey and Noni juice, with strong channels into the
Chinese market. It is listed on the NXTmarket (http://webmail.clear.net.nz/deferrer.html?redirectUrl=http%3A%2F%2Fwpmarketing .co.nz%2Fsendstudio%2Flink.php%3FM%3D532855%26N%3D 3055%26L%3D2139%26F%3DH) operated by NZX. ONLlisted (http://webmail.clear.net.nz/deferrer.html?redirectUrl=http%3A%2F%2Fwpmarketing .co.nz%2Fsendstudio%2Flink.php%3FM%3D532855%26N%3D 3055%26L%3D2140%26F%3DH) with a stock price of 64 cents in March this year. Since the
date of its listing:



The shares have traded as high as $2.90;
The share price is currently sitting at $2.47 per share;
ONL raised $828,000 in May through the issue of new shares at an issueprice of $2.295 per share.


In July, the company raised a further $3.5 million to expand its
distribution network in China through the establishment of an incorporated
joint venture in Hong Kong.

Manuka Bonds

The active ingredient of Manuka honey which is measured by its UMF
rating can increase with age under certain storage conditions. This may
result in an uplift in the value of the honey if it moves into a higher UMF
band.

As part of an ongoing Manuka honey inventory and
warehousing strategy, Oceania (through ONFL) is seeking to raise new debt
with a unique secured bond issue - Manuka Bonds. The Bonds are secured by a
first ranking specific security interest over specific and separately
identified Manuka honey inventory (Manuka Barrels) held by the Issuer. Each
investor’s bond subscription will be solely applied to the purchase
of Manuka honey barrels from ONL’s suppliers.

The Bonds
will pay interest at 8% per annum, payable quarterly in arrears, and have a
maturity date of between 12 - 18 months. On the maturity date the investor
will be repaid the face value of the Manuka Bonds, any outstanding accrued
interest and potentially an additional 20% of the increase in the market
value of the Manuka honey within the Manuka Barrels over which they are
secured if the honey has moved into a higher UMF band.

The Manuka barrels will remain in storage in a secure facility operating
under the appropriate Risk Management Programme registered with the
Ministry of Primary Industries until after the investor’s security
interest has been discharged. In the event of any default by the Issuer,
each investor would be able to take possession of their secured Manuka
Barrels and sell them on the open market to recoup their investment. There
is currently a very strong and liquid trading market for Manuka honey in
New Zealand and internationally.

InvestmentExample

There is no requirement or restriction on the
number of barrels an investor might “finance” (subject to a
minimum of 5 barrels). A barrel of UMF 5+ honey is currently worth about
$9,300 (including GST) with each barrel containing approximately 300kg of
honey.

So an investor taking 5 barrels as security, would be
buying $46,500 of bonds. If in 12 months’ time the barrels are worth
$12,000 each, the investor will have received $3,720 in interest (paid
quarterly over the period) plus $2,700 bonus interest if the honey has
moved into the higher UMF band giving a total return of $6,420 or 13.8% on
their investment.

[Sideshow Bob]

https://www.odt.co.nz/business/oceania-natural-loss-due-focus-china

[Balance]

https://www.nzx.com/files/attachments/251910.pdf

Massive sales downgrade.

[Beagle]

https://www.nzx.com/files/attachments/251910.pdf

Massive sales downgrade.

Ouch, good luck finding a buyer if anyone wants to get out after that CVT style shocker. Looks like the whole manuka honey industry is turning sour.

[stoploss]

8% yield for Manuka bond...for those that have huge appetite of return in the current low interest market:D

https://www.nxt.co.nz/files/attachments/ONL000000/423635/ONL000000-241142.pdf

Did they ever get this bond issue away ?
Wouldn't bet on getting an interest payment after that downgrade .....
Honey trap comes to mind ...

[Snow Leopard]

So less than two and a half years after listing it is delisting tomorrow [Announcement (https://stocknessmonster.com/announcements/onl.nzx-320003/)].

Whilst stocks such as this and the Chow Group, which also delists tomorrow, will not be missed by me, I am concerned that the New Zealand Stock Exchange is steadily shrinking.

[percy]

https://www.stuff.co.nz/business/128157142/oceania-natural-insiders-penalised-for-market-manipulation-disclosure-breaches

[Balance]

Add Tim Preston and Malcolm Lindeque to the list of ex SEA geniuses and it’s bound to be a winner! NZX sinks to new low in allowing this sort of rubbish on any of its exchanges.

Market manipulation in action.

https://www.stuff.co.nz/business/131749538/chief-executive-used-5yearold-daughters-phone-in-market-manipulation-scheme

[Baa_Baa]

Market manipulation in action.

https://www.stuff.co.nz/business/131749538/chief-executive-used-5yearold-daughters-phone-in-market-manipulation-scheme

It's upsetting that it takes four to five years for this to get to a court judgement. I wonder how those who were manipulated by this feel about it, it's not likely they'll be recognised in any way or recompensed, so what is the value of the judgement after all? Just dotting and crossing some bureaucratic i's and t's at great expense to the taxpayer, when in fact the market controls, or lack of them, enabled it to happen in the first place. NZX needs to look within, they provide the platform that enables these shenanigans, without any recourse for the hard done by.

[Balance]

It's upsetting that it takes four to five years for this to get to a court judgement. I wonder how those who were manipulated by this feel about it, it's not likely they'll be recognised in any way or recompensed, so what is the value of the judgement after all? Just dotting and crossing some bureaucratic i's and t's at great expense to the taxpayer, when in fact the market controls, or lack of them, enabled it to happen in the first place. NZX needs to look within, they provide the platform that enables these shenanigans, without any recourse for the hard done by.

NZX is a failed exchange - going backwards year after year, and getting more and more desperate for listings.

Think My Food Bag. What a crock of cow dung.

[whatsup]

So I wonder how the fish heads at QEX will be reading this !!