CHA Charlies

[ratkin]

Yes , most pleasing i must say. Was beginning to think we would never see twenty cents again. Maybe charlies is a good company after all.
Certainly cannot fault the product

[K1W1G0LD]

Wonder whats up with Charlies, up 2cents today on Healthy turnover, and due to report next week. The price has been firming lately too.

[Nevl]

Wonder whats up with Charlies, up 2cents today on Healthy turnover, and due to report next week. The price has been firming lately too.

There has being a lot of good news about CHA lately and the Coles deal could be the launching pad for great things. Huge market. Own supply and not at the mercy of spot prices. I think they will have a good result with better to come.

[K1W1G0LD]

There has being a lot of good news about CHA lately and the Coles deal could be the launching pad for great things. Huge market. Own supply and not at the mercy of spot prices. I think they will have a good result with better to come.

Yes , I think there are a few others out there anticipating a good result too, Nevl.

[ratkin]

Seems a massive result.

Was either already built in or people are sceptical or , whatever , cant deny it a ripper of a result

HALFYR: CHA: Charlie's Half Year Profit Up 56 Per Cent

CHARLIE'S HALF YEAR PROFIT UP 56 PER CENT

Summary of key points

Total gross sales: $21.9m up 29% from $16.8m
Net revenue: $17.1m up 24% from $13.8m
Net profit after tax: $1.1m up 56% from $0.7m
EBITDA: $2.1m up 18% from $1.8m
Net debt: $0.8m down 50% from $1.6m
Debt/equity ratio: 5% down from 17%
Australian net revenue: $6.3m up 95%
New Zealand net revenue: $10.5m up 3.2%
Top seller: Charlie's Old Fashioned Lemonade 1.5lt now top selling
product Group-wide

DIRECTORS' REPORT

The past six months have seen a transformation take place in the business
following the very successful launch in to Coles. Charlie's Australian
operation now represents 37 per cent of total group net revenue compared with
23 per cent last year and the Directors see this as an ongoing trend in the
business as our brands become entrenched in the Trans Tasman beverage
markets.

Australia

Hotels, Restaurants and Cafes channel (HORECA)
Highlight: HORECA channel grows 29%

Charlie's Group Limited's Australian business continues to go from strength
to strength with both the Charlie's and Phoenix Organic brands growing
strongly in both the HORECA and Grocery channels.

The Phoenix Organic and Charlie's brands within the HORECA channel grew at 29
per cent for the period as more account activations and branded fridge
placements were made during the period.

Supermarket channel
Highlights: Brand market share in Coles at 8.1% in January
Charlie's Old Fashioned Lemonade enters top 10 products in its
category
Brand recognition in Australia up to 45%
Processing plant staff doubled to cope with growth
Lemons purchased increase to 6.3 million

Last year we were delighted to announce to the market our ranging in to Coles
supermarkets. We are pleased to report today that the ongoing sales to
Australian consumers are significantly greater than expected with purchases
stronger through excellent consumer brand recognition and innovative product
offering.


Latest Nielsen market data for the trading month of January 2011 shows the
Charlie's brand gained a value market share of 8.1 per cent of the chilled
juice category in Coles. This has exceeded all of the Group's earlier
expectations.

Charlie's Old Fashioned Lemonade made it in to the top 10 products sold in
its category for January within Coles. This is a category of 160 plus
products which is usually dominated by established brands owned by the very
large multi-national players such as Heinz, Coca Cola and Lion Nathan
National Foods.

Following the successful launch of the first 11 Charlie's products in Coles,
the Group was invited to supply an additional six across the Orange Juice,
Smoothie and Old Fashioned Quencher ranges.

The additional distribution into Cole's 750 stores nationwide will not only
grow our revenue and potentially our market share but also enables us to more
fully utilise our Renmark production facility.

Renmark is now working regular double shifts to keep up with the demand and
we have been able to create an extra nine jobs representing 50 per cent of
the production floor workforce. The number of cartons through the plant has
increased three-fold.

When the Coles deal was announced we anticipated requiring four million extra
lemons to meet the orders. In fact, due to the success of the Quencher
Lemonade and the Quencher range, we are going to need 6.3 million lemons.

Our immediate goals for Charlie's Group are to continue to invest in people,
marketing and infrastructure as we continue to grow significantly in the
Australian market.

As a result of both past and anticipated market growth we have appointed an
experienced Grocery Key Account Manager for Australia. Richard Witton has 28
years' experience in the $1 billion Australian grocery juice market spanning
some of the largest juice and beverage producers and leading brands in
Australia.

New Zealand
Highlights: New Zealand market share growing
New Zealand net revenue increases 3.2%

It is pleasing to note that following a year of adjusting to the new economic
climate, rationalising our product portfolio, introducing new innovation and
the gross margin strategies we put in place that we have returned to growth
in the New Zealand market and increased the profitability of this segment.

Our New Zealand market is back in growth reporting a 3.2 per cent increase in
net revenue on the same period a year ago. Of particular note is the growth
we achieved in the quarter leading up to Christmas with net revenue growing
eight per cent on the same quarter last year. Market share increases have
helped this sales growth.

The strategy is to continue with the plans we have put in place and keep
growing the market with a close eye on costs to ensure its profitability.

Exports
Highlights: First shipments to new supermarket group Park n Shop Hong
Kong (January)
Further advances in South Korea & Singapore

Our brands continue to attract enquiries and orders from export markets and
although Australia and New Zealand are our key areas of focus in the short
and medium term we are pleased with the new business that we are achieving as
part of our long term strategy of building global brands.

Hong Kong's largest supermarket chain Park N Shop took its first order of
Phoenix and Charlie's products in January and hitting the shelves in
mid-February.

Phoenix has a strong presence in South Korea and we gained a further listing
in more than 300 Cafe Benne outlets to strengthen our presence. In Singapore
we gained extra listings of Phoenix Organics in the Cold Storage supermarket
chain.

Outlook
The Group has been experiencing a significant step change in the business
over the last 6 months with its very successful launch in to Coles. This
trend is continuing into the second half of the year with strong sales in
January and February.

[ratkin]

Well , look at this , the stock that all you chatters used to love rubbishing has flown up 27% today
What a diamond it turned out to be

GENERAL: CHA: Charlies Gains Woolworths Australia

CHARLIE'S GAINS WOOLWORTHS AUSTRALIA
Deal expected to significantly increase sales across the Tasman

5 April 2011

Australasian premium beverage company Charlie's Group (NZX:CHA) products will
soon be ranged in Woolworths stores across all six states of Australia.

Charlie's says the Woolworths sell-in rolls out from early August and
spearheading the Woolworths range is Charlie's Old Fashioned Lemonade
quencher which has in a very short time become the company's hero product.

The company says future demand for Charlie's Old Fashioned Quencher range
means it is likely to comprise approximately 70 per cent of the total volume
of Charlie's product sold in Australia.
Charlie's Group CEO Stefan Lepionka says the Australian beverage market is
very large and hungry for innovation.

[Nevl]

Well , look at this , the stock that all you chatters used to love rubbishing has flown up 27% today
What a diamond it turned out to be

GENERAL: CHA: Charlies Gains Woolworths Australia

CHARLIE'S GAINS WOOLWORTHS AUSTRALIA
Deal expected to significantly increase sales across the Tasman

5 April 2011

Australasian premium beverage company Charlie's Group (NZX:CHA) products will
soon be ranged in Woolworths stores across all six states of Australia.

Charlie's says the Woolworths sell-in rolls out from early August and
spearheading the Woolworths range is Charlie's Old Fashioned Lemonade
quencher which has in a very short time become the company's hero product.

The company says future demand for Charlie's Old Fashioned Quencher range
means it is likely to comprise approximately 70 per cent of the total volume
of Charlie's product sold in Australia.
Charlie's Group CEO Stefan Lepionka says the Australian beverage market is
very large and hungry for innovation.


Yah. Looking good for CHA. They are on a roll. They will be on the big boys radars now and a takeover could be on the cards. They have carved out a great position in Aussie and are set for long term growth and also now have enough financial heft to keep launching new products and gaining market share!!

Can they become a $100mill company? I would say yes!!

[upside_umop]

Well done Nevl. They are looking really good!

Will definitely be on the big boys radar and the synergies in this type of market is huge...

Looking quite expensive now...I don't have any and won't be buying. Could still go up significantly though?

[ratkin]

Their new lemonade range seems to be taki g them to a new level. Margins must be much higher on the lemonade than the orange juice , most of it is just water.

[Nevl]

Well done Nevl. They are looking really good!

Will definitely be on the big boys radar and the synergies in this type of market is huge...

Looking quite expensive now...I don't have any and won't be buying. Could still go up significantly though?

I think there is still some upside in Price. The Economies of Scale start to really kick in now. They spent a lot of money in the last few years building bottling plants and getting a regular supply of fruit. Now these resources will be used to their full extent including marketing as now consumers who were exposed to the advertising may never usually shop in Woolworths so would normally never see Charlies on the shelf. They may have to expand more but the factory part will go from working say 50 hours per week to maybe 90hours per week. The distribution network set up to service Coles will be again used to serve Woolworths as well. As in NZ the supermarkets tend to cluster so a truck delivering to a Coles supermarket will be able to deliver to a Woolworths at the same time. Depending on margins I think a lot of the extra sales will go straight to the bottom line. The 56% increase in profit last year I expect to be matched next year(woolworths contract starts in August). The interesting figure will be the half year numbers. This will have about 9 months of Coles sales in it. We can be fairly confident that Woolworths will equal or better the Coles numbers as Woolworths is bigger.

I would work the numbers with a profit of about $5mill. With a Market Cap of $75 mill this suggests not too much more to rise but given the growth profile I would say it is a hold or at best accumulate.

[K1W1G0LD]

Charlie's Quencher range are the best tasting Juices you can buy in NZ supermarkets, too bad they have'nt taken off here like they have in Oz. But this share is proving to be a great little earner.

May the juice be with you.

[Nevl]

the Sharechat write up is even better

http://www.sharechat.co.nz/article/35cbcc85/charlie-s-takes-another-gulp-of-australian-market.html

Hong Kong going well also and 11% of its market in Coles is great. They are targeting $100mill in revenue. I think I will say that my target for these guys is about $0.35cps now.

[tim23]

They sell plenty of the Lemon Quencher to me since launched, its a stunning product, I had commented while back on this thread that the sandard price had jumped from about $4.20 to $5.20 in a short time - I figured they were confident about the product!

[ratkin]

Beverage companies always seem to make great investments , over the years have done very well indeed from montana, db breweries , lion nathan , Frucor , neverfail springwater , little world beverages

That sharechat report makes it sound like they have taken over the worlds citrus fruit supply

[tim23]

What about Just Water?!!

[Nevl]

Beverage companies always seem to make great investments , over the years have done very well indeed from montana, db breweries , lion nathan , Frucor , neverfail springwater , little world beverages

That sharechat report makes it sound like they have taken over the worlds citrus fruit supply

Yeah this could be their biggest issue. They brought a big citrus farm in Aussie a few years ago. Maybe they need to buy a few more around the world. Also they brought an orange farm. They need lemons!! Maybe it is time to invest in Lemon orchards!!

[Phaedrus]

Well, look at this, the stock that all you chatters used to love rubbishing has flown up 27% today ..... Ratty, of course I rubbished CHA - it was in a downtrend for years! In the kindest, gentlest, sweetest way possible, I was simply drawing your attention to that unpleasant fact. But then, the downtrend ended and I posted this :-


Over the last 3 - 4 years I have posted many quite negative CHA charts. These were not at all popular and attracted considerable criticism. Here, by way of atonement, is a longterm CHA chart showing BUY signals.

This chart is yet another illustration of the folly of buying stocks and then resolutely holding for the longterm, regardless of market sentiment. CHA is right back to where it was 4 years ago. Holders tripled their money - and then gave all those profits back to the market through inaction, loyalty to the brand and absence of any coherent exit strategy.

http://i602.photobucket.com/albums/tt102/PhaedrusPB/CHA824-1.gif

Here is an updated chart showing how well that Buy signal worked out :-

http://i602.photobucket.com/albums/tt102/PhaedrusPB/CHA46.gif

[buns]

Hmm interesting stock – first time I’ve really looked into Charlies.

It will be interesting to see how this inexperienced board handle this new phase of their business, can they put the foot down and really get a stronghold in Aussie?

I’m interested to see how seasonal these results are. June- Dec or Jan – July, what half is warmer?

Anyhow time to dig into these numbers a, first up, the forward PE doesn’t look to bad for a company turning the corner..

[ratkin]

fROM jANUARY 2008.
I had posted on the NZO thread wondering why there were hundreds of people interested in that stock , and nobody in charlies , which i regarded as a better company.. This was your response



Ratkin, I worry about your lack of objectivity, particularly with regard to stocks that you hold.

This chart plots the comparative performance of CHA versus the entire NZ market over the last year. The scale on the right shows % gain/loss. It is quite obvious that, far from being "like a rock in a sea of trouble" and "out performing", CHA has in fact underperformed the market by quite a handy margin.

http://h1.ripway.com/Phaedrus/CHApc123.gif

I have included NZO here because you recently asked "Why do so many seemingly intelligent people spend so much time discussing this dog of a stock?"

Is it possible that you have got CHA and NZO mixed up?

In the three years since , it looks like i was the intelligent one? , Charlies has doubled and NZO has been terribly mismanaged.

As you yourself pointed out on this thread , Charlies is not a good trading stock due to lack of liquidity.
Therefore any charts you post will be of historical interest only , and not a fair representation due to difficulty getting on at right price due to lack of liquidity , many days not a single share was traded.
And when something good did happen it was impossible to get on at a sensible price , rather like yesterday , if you were not already holding then to enter meant paying a premium.

To be fair i havent held Charlies the whole time , i made a decent profit on it years ago , and moved back in at 14 cents when they announced their deal with Coles about six months ago

[Nevl]

Hmm interesting stock – first time I’ve really looked into Charlies.

It will be interesting to see how this inexperienced board handle this new phase of their business, can they put the foot down and really get a stronghold in Aussie?

I’m interested to see how seasonal these results are. June- Dec or Jan – July, what half is warmer?

Anyhow time to dig into these numbers a, first up, the forward PE doesn’t look to bad for a company turning the corner..


Actually Stefan Liponika(sp) has done this before. He built up a company and sold out and then after the restraint of trade expired he started Charlies. He has a good track record. However Charlies is getting bigger all the time. Still he has being involved in the juice business for 20 years. I think he has enough experience.

[tim23]

I was in Melbourne in February and was suprised to see a number of cafes with Charlies branded fridges, I was buying the 500mil quencher with my breakfast.

[Nevl]

http://www.sharechat.co.nz/article/bd68e47d/charlie-s-third-quarter-sales-up-48.html

Getting better with every announcement. The Woolies deal will add more than the Coles deal to the bottom line.

[tim23]

Agree - might be on the radar for bigger player?

[ratkin]

Heres a chart showing all the good news from since last August
3334

click to enlarge

[The BOWMAN]

Where can further growth in retail market be coming from? Sounds like they've now got every supermarket in australasia??

[tim23]

Market share in their category & new products

[darksentinel]

Where can further growth in retail market be coming from? Sounds like they've now got every supermarket in australasia??

US and Europe (possible takeover target for an established group there), more market in Asia (only starting there).

[ratkin]

There no rush for them to expand outside Australia , still plenty of growth to come in that country.
They do also supply a supermarket chain in hong kong i believe, although its very small
scale and pheonix brand on;y if my memory is working today

[mamos]

Two companies. Which would you rather buy?

Sinograndness. Listed Singapore. PE 6x FY10 Does fruit and vegetable juices in China. Large consumer market 1b+ vs Charlies NZ + Aus exposure. I know which one I would rather buy.

Sinograndness

33423341


Charlies

33433344

[tim23]

Well tell us its obviously CHA!

[ratkin]

Hey who cares abut PEs :D

6.4 = not expected to grow :t_down:

54.2 = taking over the world :t_up:

[COLIN]

Today's announcement and Chalkie's article won't do any harm to the sp.
I hold relatively few NZ shares these days, but CHA attracted my attention towards the end of last year and I bought in at 16c. Quite happy with progress since then.

[ratkin]

Does anyone actually buy pheonix though? They are on the shelves in our
supermarkets , however they not exactly prominent , and in all mytime
queuing at the supermarket checkout i dont think i have seen
a single bottle of pheonix in someones shopping trolley

[CJ]

Does anyone actually buy pheonix though? They are on the shelves in our
supermarkets , however they not exactly prominent , and in all mytime
queuing at the supermarket checkout i dont think i have seen
a single bottle of pheonix in someones shopping trolleyThey must do or the supermarkets wouldn't stock it. They are ruthless on stock that doesn't move.

[COLIN]

Does anyone actually buy pheonix though? They are on the shelves in our
supermarkets , however they not exactly prominent , and in all mytime
queuing at the supermarket checkout i dont think i have seen
a single bottle of pheonix in someones shopping trolley

Well I, for one, have often bought their "original home-made ginger beer". Great thirst-quencher on a hot day (forget about the sugar content!). Great stuff.

[silu]

Great. And that on the day I wanted to add more to my portfolio.

[CJ]

So what returns have investors made that got in at IPO. I htink it listed at 50c so I assume that is a loss, or was there dividends or share splits etc during that time?

[winner69]

So what returns have investors made that got in at IPO. I htink it listed at 50c so I assume that is a loss, or was there dividends or share splits etc during that time?

Think they were 10 cent jobs

[silu]

I had them as a previous shareholder in Spectrum Resources. I can't even remember what my effective cost price is but I think I made a profit.

[ratkin]

Well , certainly shows the value of patience . Shame we will be losing such a good littlw company though , but unlike Frucor
i think we getting a decent price for this one

[CJ]

Think they were 10 cent jobs
Thats a good return then - 4x return in about 10(?) years?

[Major von Tempsky]

I had a very small parcel from Spectrum days....then last year I started reading their announcements and disbelieving the commentary crap in the media (didn't use Phaedrus graphs either eh) and started buying more until I ended up with 30k at the end of May 2011 at an average price of 28 cps. Wish I had bought more now :-)

[Phaedrus]

I ended up with 30k at the end of May 2011 at an average price of 28 cps. (didn't use Phaedrus graphs either)I'll bet you wish you had - your average purchase price would have been less than 10 cents!!!

From Page 49 of this thread (August 2010)........
Over the last 3 - 4 years I have posted many quite negative CHA charts. These were not at all popular and attracted considerable criticism. Here, by way of atonement, is a longterm CHA chart showing BUY signals.

This chart is yet another illustration of the folly of buying stocks and then resolutely holding for the longterm, regardless of market sentiment. CHA is right back to where it was 4 years ago. Holders tripled their money - and then gave all those profits back to the market through inaction, loyalty to the brand and absence of any coherent exit strategy.

http://i602.photobucket.com/albums/tt102/PhaedrusPB/CHA824-1.gif

[aquaman]

Thank you phaedrus.... I followed your chart , saw an opportunity and invested when at 11c..even took the gamble and bought large shareholding.... Now celebrating ..100k invested..you work out returns. If owe you a beer or two!

[tim23]

CJ Thats a good return then - 4x return in about 10(?) years?

Listed 2005 at 10c, you can work it iut now.

[Felix]

I think it is a fantastic result given the position of the company just 12 months ago, and the directors should be commended. In June 2010 the shares were sub-10c, they had debt issues and the directors were knocking back offers for the company from vultures for around 10c. After years of progressively building up the business and brand name (which is an absolutely key factor in the success of a consumer goods company) they eliminated their debt, went on an aggressive expansion using cash reserves and are now in a position to sell the company at a considerable return for all. They have sold the company at a really good premium.

Pity I sold out of the company at 32c just two months ago, after holding the shares for several years. I congratulate those who have held on to the shares over the years and will now reap the rewards.

[CJ]

CJ Thats a good return then - 4x return in about 10(?) years?

Listed 2005 at 10c, you can work it iut now.Thanks. I saw that last night but had been looking at google charts and didn't realise it was a reverse takeover (the media also said it started in 1999 but didn't meantion the listing or returns since listing).

[waikare]

The IOI have given Asahi the green light, with Collins Asset Man., Lepionaka, Ellis, Cook and the Neal's 52% looks like another company sold off overseas.

[Rusty]

Got a letter from Asahi encouraging me to accept thier offer. On the 29 July they have 63.1% acceptances. 52% was already sold threw Mark Ellis and co.

[Major von Tempsky]

I received a letter from NZSX going blah blah blah but the sting in the tail was the statement on when one receives one's money from selling.

The LATEST of 3 dates which effectively translates NOT UNTIL AUG 24 2011 AT THE EARLIEST.

Presumably it was amongst the small print in the offer document?

First thing I shall check next time I am involved in a takeover.

Maybe that's why so many sold out early at 43cps unless some party has been quietly accumulating a 10% holding?

[Soolaimon]

Been wondering the same thing Major, but see they have 71% so probably get their 90% at this rate. I thought I had read the fine print!! May go get the specs checked.

[waikare]

Asahi at the moment have a little over 75% of the 90% they require, and have extended the takeover closing date by a couple of weeks to 2nd Sept. Interesting, some have been trading at 44 cents the last few days, today 31k sold at 44 cents.
I might just hang onto mine in the moment and see what develops.

[Major von Tempsky]

About the only good thing about the current US share panic/mindless lemming like hysteria is that more CHA shareholders will rush to offload for 44cps. The figure yesterday was getting close to 80%, interesting to see what Monday's announcement will show.

[ziggy]

I think you will find that yesterday's disclosure had the figure at almost 84% which is great.

[Major von Tempsky]

Hmmm, latest I can find is 75.2% on Google and received a letter today saying that. Do tell where u got that info Ziggy? Was it on WhaleOil?

I note that on the NZX today so far that 87,000 CHA have crossed at 43cps so that either there is prospect of a 10% plus hold-out or Steel Balls is back in action!

[Everwood]

Hmmm, latest I can find is 75.2% on Google and received a letter today saying that. Do tell where u got that info Ziggy? Was it on WhaleOil?

I note that on the NZX today so far that 87,000 CHA have crossed at 43cps so that either there is prospect of a 10% plus hold-out or Steel Balls is back in action!

Have you bothered to check anywhere else besides Google? https://www.directbroking.co.nz/directtrade/dynamic/announcement.aspx?id=2860029

Total percentage held in class: 83.884% on Friday

[ziggy]

Disclosure this morning now has the percentage at 86.070% - hopefully by the end of the week they will have their 90%.

[Major von Tempsky]

Could work out nicely yet - DOW down by 6.6% overnight. If we get our money soon we'll be in time to take advantage of NZX bargains but will have been prevented from rushing in too soon :-)

What do you guys propose to do with your money when you get it?

[Zito]

In a word - Gold ;)

[Everwood]

Could work out nicely yet - DOW down by 6.6% overnight. If we get our money soon we'll be in time to take advantage of NZX bargains but will have been prevented from rushing in too soon :-)

What do you guys propose to do with your money when you get it?

I have already sold my shares for 43cents, and used the money to purchase shares in DIL and ECO.

[waikare]

Could work out nicely yet - DOW down by 6.6% overnight. If we get our money soon we'll be in time to take advantage of NZX bargains but will have been prevented from rushing in too soon :-)

What do you guys propose to do with your money when you get it?

Major, you will have to wait another two weeks now as Asahi have extended their takeover offer until the 2nd Sept.

[moimoi]

Is it just me or is there an uncanny number of recent posts extolling the virtue of the takeover from folk with less than 20 posts to their nom de plume?

"Social Media" at work?

[Major von Tempsky]

I always enjoy a good Conspiracy Theory chuckle. Much easier to state than to disprove.

Now come on you news media sleuths - what's the latest % of CHA that Asahi has?

And all you bottom feeders -Dow was up about 4% overnight so if you haven't struck already you may have left it to late...

And as for McDunks theories of the end of Western economies I think he should try a different weed or do some remedial reading....

[ziggy]

Ashai now have 87.944%

[Major von Tempsky]

Ashai now have 87.944%

Thanks Ziggy. I see the Dow's down 4.62% overnight so that should continue the impetus to sell out. Two percent to go, two or three trading days should do it at the present rate.

[ziggy]

Wow.... just a fraction away now....... 89.408% according to latest disclosure just released ;)

[GTM 3442]

So, the NZX is lighter by one.

Again.

Just out of interest, given that Ashai offered 43 (44?) cps, what does the accumulated wisdom of the thread think they're actually worth in the long term ( say 2 or 5 years).

[silu]

I will continue to buy their product because it is tasty. Shame that I won't be a shareholder anymore.

[Major von Tempsky]

Game, set and match. Thank you linesmen, thank you ballboys, thank you umpire.

Looks like I might get my money into my bank account overnight in 2 weeks time with a bit of luck.


What do I think of the future for Charlies? Zilch. It will be totally extinguished by Asahi except for the cardboard façade.

Charlies was the creature of the imagination, created by brilliant marketing and the placebo effect.

Given the history of its manager (Stefan Lepionka) in doing the same previously with some other drink product I think he always had it mind to provoke the same result.

The question is, what is he going to do next once he has in effect done the main business in in effect winding up Charlies? Twould pay to keep a watch on that name!

Charlies follows a long line of successful NZ entrepreneurships which have been rudely overrun by overseas bullyboys who are willing to pay top dollar to wipe-out competition which could get serious. Sad. In some of them you think - For God's sake get a spine! Stick to your guns! Go all the way for NZ!

One that saddens me is the Min of Agriculture (David? Carter) championing Chinese ownership of NZ farms, particularly dairy farms. And other firms along the chain.
His pathetic statements that NZers are racially prejudiced against Asians (Chinese). A lot of farmers and Nat supporters must be looking at him side=eyed wondering if he has lost his marbles. The end result would be NZers end up as wage earners only while the Chinese cream off all the profits all the way along the line. It would be nice to see John Key sideline him as Ambassador to Outer Mongolia or Haiti after the next election.

[Major von Tempsky]

Nothing in my bank account when I checked this morning. And yet it is normal for companies to pay shareholders overnight on a Friday so it's there on Sat morning.

The relevant part of the notice said

"The consideration for Charlie's shareholders whose acceptance form for the
takeover offer is received by Asahi by midnight on 19 August 2011 (being the
original closing date for the takeover offer) will be sent by fastpost or
paid by electronic transfer (depending on the election made by the relevant
shareholder) not later than 29 August 2011.

Shareholders requiring additional assistance should call Computershare on
0800 727 475 (or, if calling from outside New Zealand, +64 9 4888 777).

For further information on Asahi, please contact:
Geoff Senescall (New Zealand enquiries)?Senescall Akers?Ph: +64 9 309 5659;
+64 21 481 234 Steve Murphy (Australian enquiries)?FD Third Person?Ph:
+61 3 9813 1522 "

I suppose it is JUST within the letter of what they said if they put the money in overnight on Monday 29th August so they can claim they sent the money not later than Aug 29th?

How about you guys volunteering to join me and kicking up a stink to both Computershare and Geoff Senescall Akers next Tuesday morning when its not there?
After that it's a trip to my lawyer I suppose as well as a complaint to the NXSX.

[waikare]

Nothing in my bank account when I checked this morning. And yet it is normal for companies to pay shareholders overnight on a Friday so it's there on Sat morning.

The relevant part of the notice said

"The consideration for Charlie's shareholders whose acceptance form for the
takeover offer is received by Asahi by midnight on 19 August 2011 (being the
original closing date for the takeover offer) will be sent by fastpost or
paid by electronic transfer (depending on the election made by the relevant
shareholder) not later than 29 August 2011.

Shareholders requiring additional assistance should call Computershare on
0800 727 475 (or, if calling from outside New Zealand, +64 9 4888 777).

For further information on Asahi, please contact:
Geoff Senescall (New Zealand enquiries)?Senescall Akers?Ph: +64 9 309 5659;
+64 21 481 234 Steve Murphy (Australian enquiries)?FD Third Person?Ph:
+61 3 9813 1522 "

I suppose it is JUST within the letter of what they said if they put the money in overnight on Monday 29th August so they can claim they sent the money not later than Aug 29th?

How about you guys volunteering to join me and kicking up a stink to both Computershare and Geoff Senescall Akers next Tuesday morning when its not there?
After that it's a trip to my lawyer I suppose as well as a complaint to the NXSX.

Like you Major, still waiting waiting

[Anna Naum]

Why not just ring Geoff on his cell number, he always has it on, and loves talking.

[janner]

To simple Anna. :-))

Disc.. Interested by-stander.

[Anna Naum]

I hope I am not that simple.....but Geoff nearly always has his phone on and loves to talk. Once he used to be a very good journalist before he went across to the dark side.

[Omega]

There is no payment issue here until after 29th August. Although not a CHA shareholder, I wouldn't have expected any sooner than the "no later than" date.

[Major von Tempsky]

Arrived at last - just in time to save their credibility? I was all poised to hurl a few ticking time bombs.

I think some rule adjustment/legislation is needed to ensure that investors get their money as soon as the takeover becomes
unconditional with only as much delay as I incur in selling shares online via Direct Brokers.

[Major von Tempsky]

I've just looked at the CHA news releases and I see they knew they had 90% of CHA on 12th August i.e. it was effectively unconditional then, we had done our part, Asahi is in no way short of cash they should have paid us 2 or 3 days after 12th August as if it was a normal sale through Direct Broking's on-line trading facility.
Instead we were paid 17 days later on 29th August. Imagine the stink if you sold some Fletcher Building through say Direct Broking online facility and you didn't get paid for 17 days!

Small, mean, petty and leaves a bad taste in the mouth