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  1. #31
    percy
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    Quote Originally Posted by kiora View Post
    You might like to ask the New Plymouth District Council if it was profitable (from money raised selling their lines company to Powerco)
    Hopefully you will ask the New Plymouth D C in a couple of years time why they could not make a reasonable profit from VDL when ONC is making a healthy profit.!
    KW.Hopefully BAL can bring their experience in marketing and logistics to ONC.If it works for organic it will work for other premium milk products.I am thinking here of Blackmores/Bega joint venture type of arrangements.
    Is baby milk supplement a product to be distributed by a dairy company, Fonterra,or a health food company like Blackmores,or a medical supply firm such as Ebos.? The goal posts are shifting in this sector.
    What ever,possibly a lot to look forward to.?
    ps.
    Going from the article in The Age. headed "Baby formula makers address shortage", there appears to be a lot of mileage left in this sector.
    Last edited by percy; 06-11-2015 at 07:51 AM.

  2. #32
    Senior Member
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    You might like to ask the New Plymouth District Council if it was profitable (from money raised selling their lines company to Powerco)

    Well from what I have herd that was a very silly stupid move by the npdc

  3. #33
    percy
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    Quote Originally Posted by NZSilver View Post
    You might like to ask the New Plymouth District Council if it was profitable (from money raised selling their lines company to Powerco)

    Well from what I have herd that was a very silly stupid move by the npdc
    That's what we all heard,but we may hear a different tune once NPDC have received payment.

  4. #34
    Advanced Member
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    73 Cents GYGT S/F absolute legend .

  5. #35
    Senior Member
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    Ouch, this is going to hurt come Monday
    http://www.3news.co.nz/nznews/new-pl...#axzz3s5k6xsh2

  6. #36
    percy
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    Quote Originally Posted by kura View Post
    Ouch, this is going to hurt come Monday
    http://www.3news.co.nz/nznews/new-pl...#axzz3s5k6xsh2
    Ouch..Indeed.!!!
    Oh dear.!!!
    And it looked "game on."
    Looks good for the New Plymouth rate payers.

  7. #37
    Senior Member
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    Back when S/F originally started this thread, he saw potential value when share price was about 20 cents.
    Now wondering if there will be a typical over reaction to the bad news, that may give rise to a short term trading opportunity ?
    Will follow price with interest.

    Disc: Not a holder, as didn't like the idea that recapitalised company was going to be 95% owned by new shareholders with a fixed 25 cent entry price

  8. #38
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    There is a possibility of legal action on this , so it could be a long drawn out affair .

    http://www.theaustralian.com.au/news...-1227617487462

  9. #39
    Advanced Member trackers's Avatar
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    Can't read that article unfortunately.

    I was disappointed to miss on this one, because I keep a look out for Steve's posts and this certainly would have passed my DD fairly much straight away. But oh well.

    Its going to be really interesting to see how they're planning to get out of the sale. The conditions in ONC's release all looked pretty straightforward, except for "consent to the disposal of assets by [NP DC]" perhaps?

    At the least (to me) it looks like either NP DC is operating in extremely bad faith here.. OR, ONC management is completely incompetent, to suggest the sale was completed contingent on minor acceptances by ONC when really the door was wide open for NP DC to walk away
    Last edited by trackers; 23-11-2015 at 09:34 AM.

  10. #40
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