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Armillary Private Capital
01-10-2010, 04:29 PM
Bay of Plenty kiwifruit post harvest service providers, Satara Co-operative Group Limited and EastPack Limited have announced plans to merge, pending shareholder approvals, to create a new fully grower owned supply co-operative.

http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=1767

Armillary Private Capital
23-12-2010, 01:10 PM
EastPack’s Full Year Results boosted.
Productivity Gains Boost EastPack’s Full Year Results.

http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=1815

Armillary Private Capital
08-02-2013, 03:02 PM
Proposed merger of EastPack and Satara

http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=2164

PLYNCH
22-02-2013, 06:47 PM
Anyone know the outcome of merger of Eastpack and Satara?

Armillary Private Capital
19-03-2013, 04:04 PM
Green light for kiwifruit merger:

http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=2179

Armillary Private Capital
01-09-2014, 02:18 PM
An updated issuer profile has been posted (http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=2429)for Eastpack.

Armillary Private Capital
13-04-2015, 09:17 AM
2014 Annual Report posted. (http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=2500)

percy
14-04-2015, 08:30 AM
2014 Annual Report posted. (http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=2500)

Only had a very quick read,but did note they are spending capital on new equipment and coolstores, preparing them selves for the increase in Kiwi Fruit as the industry recovers from PSA.
Statement of cashflow was disappointing,and they appeared to be carrying too much debt.Current liabilities far exceeded current assets.I am not sure whether it is a timing issues,with the crop about to be picked,or something a bit more serious.

noodles
14-04-2015, 08:53 AM
Only had a very quick read,but did note they are spending capital on new equipment and coolstores, preparing them selves for the increase in Kiwi Fruit as the industry recovers from PSA.
Statement of cashflow was disappointing,and they appeared to be carrying too much debt.Current liabilities far exceeded current assets.I am not sure whether it is a timing issues,with the crop about to be picked,or something a bit more serious.

They are forecasting $6m profit in FY15. Hopefully this bodes well for Seeka. Both companies process a similar amount of fruit. Eastpack has much higher debt levels ($35m).


Eastpack has 2 classes of share (investor and CO-OP). Combined, it looks like there are approx 49m shares giving a market cap of $32m


Both companies are ramping up volume. Eastpack appears to be ramping up faster (and investing more in capital).


Debt levels are high and they have very poor liquidity (ATM you can buy, but you can't sell). But the pe=5.5!

noodles
17-04-2015, 06:45 PM
A summary of the result by Alan Williams
http://agrihq.co.nz/article/eastpack-expands-expects-profit?p=7

Armillary Private Capital
10-06-2015, 04:14 PM
Updated issuer profile. (http://www.unlisted.co.nz/uPublic/unlisted.mt_announcement.showannouncement?p_announ cement_id=2538)