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05-05-2018, 11:25 PM
#1361
Originally Posted by dreamcatcher
Holding to get full $1.27 price or higher as Goldman Sachs advising Tegel. Probably will find extra value somewhere since listing to back up original IPO price. Average cost price reduced for Bounty by early on-market purchasing shows they are serious and really want this deal to progress. One would assume Bounty would NOT be interested in dumping their holdings currently purchasing back to 80cents taking a huge loss if approval not forthcoming. Either way the future for Tegel looking more promising especially if chicken glut eliminated by possible export market opening with Bounty.
Chicken prices are sure to rise.......................................
According to industry analysts, the poultry market outlook remains positive over the next decade. Definitely, there will be great demand for meat in most populous countries such as south Asia, China, Indonesia, Russia, Japan and the USA not only in the coming decade but also in the coming three decades. Populous countries will have to feed people and animals. Naturally they will create demand for meat and any shortage will have to meet from import. Populous countries will have less arable land in the future as well.
By 2024 Population growth in developing countries will remain nearly double that of developed regions and poultry meat will have a market more than half of the world’s share of additional meat produced by 2024. FAO projects that poultry meat consumption will be close to 133 million metric tons in 2024.Developing countries will account for the majority of growth in poultry meat production over the next 10 years. In contrast, developed poultry markets will be challenged to comply with more stringent environmental and animal welfare regulations and limiting expansion possibilities. Brazil and the USA still could become top poultry producers and major poultry exporters in the world by 2024.
Could Tegel capture some market share in the growing poultry market in the coming decade by becoming competitive?
Could they also become another delisted company?
Last edited by Valuegrowth; 05-05-2018 at 11:29 PM.
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06-05-2018, 10:59 PM
#1362
Banned
Brian Gaynor: Why the Tegel takeover leaves a bad taste for many investors.
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12045285
5 May, 2018 5:00am
Pity Brian didn't give us a heads up when the offer was made rather than retrospectively..
No wonder NZ investors ignore the share market and stick to property.
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07-05-2018, 03:44 PM
#1363
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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07-05-2018, 05:33 PM
#1364
Originally Posted by BlackCross
Brian Gaynor: Why the Tegel takeover leaves a bad taste for many investors.
https://www.nzherald.co.nz/business/...ectid=12045285
5 May, 2018 5:00am
Pity Brian didn't give us a heads up when the offer was made rather than retrospectively..
No wonder NZ investors ignore the share market and stick to property.
Yeah, he's a bit of a 'in hindsight' warrior. Better though than his recent taking to task of NZX... that really sticks in the craw!
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11-05-2018, 12:32 PM
#1365
Member
Originally Posted by Valuegrowth
According to industry analysts, the poultry market outlook remains positive over the next decade. Definitely, there will be great demand for meat in most populous countries such as south Asia, China, Indonesia, Russia, Japan and the USA not only in the coming decade but also in the coming three decades. Populous countries will have to feed people and animals. Naturally they will create demand for meat and any shortage will have to meet from import. Populous countries will have less arable land in the future as well.
By 2024 Population growth in developing countries will remain nearly double that of developed regions and poultry meat will have a market more than half of the world’s share of additional meat produced by 2024. FAO projects that poultry meat consumption will be close to 133 million metric tons in 2024.Developing countries will account for the majority of growth in poultry meat production over the next 10 years. In contrast, developed poultry markets will be challenged to comply with more stringent environmental and animal welfare regulations and limiting expansion possibilities. Brazil and the USA still could become top poultry producers and major poultry exporters in the world by 2024.
Could Tegel capture some market share in the growing poultry market in the coming decade by becoming competitive?
Could they also become another delisted company?
Maybe Bountys turned chicken ! -d
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14-05-2018, 11:20 AM
#1366
Member
Can anyone say what has happened to Bounty's buy out offer. My understanding is the window opened last Friday. If they were at all keen surely they would have confirmed on that date ......or am I missing something?
???
thanks
-dodgy
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14-05-2018, 11:27 AM
#1367
Originally Posted by dodgy
Can anyone say what has happened to Bounty's buy out offer. My understanding is the window opened last Friday. If they were at all keen surely they would have confirmed on that date ......or am I missing something?
???
thanks
-dodgy
end of next week deadline i believe , they maybe still mopping up shares on market till last moment?
one step ahead of the herd
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14-05-2018, 11:31 AM
#1368
Member
Thanks Bull,
My mistake I thought the window closed this Friday 18th. ?
-dodgy
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14-05-2018, 01:24 PM
#1369
""The TGH Board has received an unsolicited, conditional takeover
notice for all the issued shares of TGH at NZ$1.23/share (plus up to
a 4.1c dividend) from Bounty Holdings NZ (Bidco), a wholly owned
subsidiary of Philippines domiciled Bounty Fresh Food Inc. The
takeover notice is not an offer, but will entitle (but not oblige) Bounty
to make an offer at any date between 11 May and 28 May 2018.""
Just to clarify dates
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14-05-2018, 03:55 PM
#1370
Member
Originally Posted by dreamcatcher
""The TGH Board has received an unsolicited, conditional takeover
notice for all the issued shares of TGH at NZ$1.23/share (plus up to
a 4.1c dividend) from Bounty Holdings NZ (Bidco), a wholly owned
subsidiary of Philippines domiciled Bounty Fresh Food Inc. The
takeover notice is not an offer, but will entitle (but not oblige) Bounty
to make an offer at any date between 11 May and 28 May 2018.""
Just to clarify dates
Thanks
-dodgy
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