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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
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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
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    73 Cents GYGT S/F absolute legend .

  5. #35
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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
    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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  11. #41
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    Percy SPP arrived even though I sold all my shares. Only problem now is the decision to participate is far from straight forward. Would appreciate anyone's research and thoughts...?

  12. #42
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    This is complex, the more I read the more I'm unsure. Will we get an update from ONC management? They must be stressing.

  13. #43
    percy
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    Quote Originally Posted by NZSilver View Post
    Percy SPP arrived even though I sold all my shares. Only problem now is the decision to participate is far from straight forward. Would appreciate anyone's research and thoughts...?
    I sold 1500 and retained my other holding of 500.
    I received entitlements for both on Saturday.
    SPP closes on 8/12/2015.
    At this stage I see the only profit will be in taking up the entitlements and selling straight away.
    I am not very keen on that short term type trade.I would prefer to buy at a SPP price, and hold long term.
    Most farming stocks trade at a big discount to NTA,so paying a premium does not appeal to me,so I will not be taking part in the SPP.The TFL was 38 cents on Friday.So once the spp is out of the way,what will the sp be?My guess is it will be near 30 cents.So the chance of a 20% profit comes at a big risk.Maybe the sp will go closer to 19 cents? 19cents would be the same sort of discount REL[unlisted NZ] trades at.

  14. #44
    percy
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    I am having second thoughts.Today TFL are trading at 45.5 cents and the SPP is at 25cents.
    Looks to be well worth the risk.
    Maybe I am not seeing something?

  15. #45
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    Quote Originally Posted by percy View Post
    I am having second thoughts.Today TFL are trading at 45.5 cents and the SPP is at 25cents.
    Looks to be well worth the risk.
    Maybe I am not seeing something?
    Yeh tricky one huh Percy, possibly this announcement yesterday -
    http://www.asx.com.au/asxpdf/2015120...9gkt0kd9yw.pdf

    see what tomorrow brings re court, then make a decision afterwards.. tricky

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