Now show Shane Jones......what is bigger than a trillion??
Printable View
Edison is paid to publish once or twice a year a report stating that Rubicon / Arbogen are undervalued (that's what they are doing anyway).
Just look at this potential:
https://www.edisoninvestmentresearch...ID=10407&LANG=
6 years later - nothing but the company name has changed:
https://www.edisongroup.com/company/...holdings/1685/
Problem is just - market does not believe them :D
But lets face it, while Arbogen's "product" is not particularly environmentally friendly (their seedlings don't fit into the ecosystems they are planted in and are destroying native landscapes), their biggest problem is in my view a quite self serving board. Directors find always reasons to pay themselves a bonus, but Arbogen / Rubicon manged to refine this discipline to its upmost extreme and provides some outstanding examples of the finest troughers money can buy.
‘We’re not going to under-deliver any more,’ Rubicon chair says.....think that was mid '19
Today’s essential reading for the believers
Valuation 72 cents
https://www.edisongroup.com/publicat...progress/26307
They did some serious financial acrobatics to bring the forecasted EPS into the black ... just wondering whether they did their DCF valuation as well "excluding amortisation and exceptional items"?
But anyway - Edison (for some funny reason referred to as "experts" by the NZ Herald)
https://www.nzherald.co.nz/business/...ectid=11185247
always said they are a bargain. Looks like they are consistent ... I suppose as long as Arbogen is able to pay the bribes, oops - fees for their annual analysis.
Some good news but didn't exactly fireup the market...https://www.directbroking.co.nz/Dire...spx?id=5334135