Tegel IPO

[bull....]

I blame the cycle myself, it will turn and Mgmnt learn, or be replaced. not so easy to replace another NZ food company.

its actually majority owned by overseas owners now , therefore not a nz company only listed here. if its taken over it will be replaced by better owners , it just wont be listed anymore.

the majority of people wish to sell out as well so there a vote in favour of the new owners

[Joshuatree]

I hope OIC turn it down i really do.

[Arbroath]

I hope OIC turn it down i really do.

Are you kidding? It's been managed poorly and 96% of the shares have accepted because it is a get out of jail free card. Rejection would see 80c and years of pain before any possible turnaround.

[Joshuatree]

id love to buy heaps @ 80c and wait for the cycle to turn ,absolutely not kidding bud.

[Marilyn Munroe]

I hope OIC turn it down i really do.

What is likely to happen if the current management is allowed to continue as they have been doing protected by some sort of cloak of kiwi sanctity.

1. This business will close and workers will loose their jobs.

2. There will be less competition in the market so consumers will end up paying more for chicken.

3. Mum & Dad investors (including their retirements funds in Kiwi Saver) will have blown their doe.

Boop boop de do
Marilyn

[Joshuatree]

Boop boop poop

[kiwidollabill]

International grain pricies (esp Australia) have an outlook to go up so I doubt Tegal are going to be in a positive cycle in the near term anyway.

[Joshuatree]

Jeez bill thats one reason we are at the bottom of the cycle cheep grain. Higher prices higher margins for tegel.

[Joshuatree]

The other unfortunate situ was Ingham and Tegel expanding at the same time a while back partly due to the low feed prices.
Quite a moat/barrier there to replicate what Tegel have , look at the Northland Barriers re building a new facility.

[dodgy]

The other unfortunate situ was Ingham and Tegel expanding at the same time a while back partly due to the low feed prices.
Quite a moat/barrier there to replicate what Tegel have , look at the Northland Barriers re building a new facility.

Maybe Bounty just want all these facilities for exporting to their home market and this provides an export boost.
Any Govt would be happy with that ?
-dodgy