Originally Posted by
BlackPeter
bull, I just don't think that the market has the data to assess this.
Sure - if we measure their value only in committed trays to store, than yes - it appears that Seeka paid much more for them (per tray) then what Seeka is worth if measured in trays of Kiwifruit. However - Seeka is bigger than that, and I suppose so is Aongatete.
Not sure though how to value the worth of their other services, connections, know how and staff. To make this assessment we would need to do due diligence and analyse their books. A bit difficult given that they are not yet a public company. Have you done that and want to share your knowledge with us?
... and just looking into number of trays - the announcemnt (I am sure you read it -didn't you?) talks as well about a much higher number of expected trays. Who knows - maybe Seeka has already a secured supply but had no processing facilities? Is this unthinkable?
But, if you think they overpaid - how much do you think Aongatete are really worth (and why) - and why do you think the SEK board decided to throw money away?