Tegel IPO

[Enjay]

https://www.radionz.co.nz/news/busin...plucked-by-oio

[Balance]

https://www.radionz.co.nz/news/busin...plucked-by-oio

This could have been the hold-up?

Bounty playing chickens with OIO until very last day?

[Joshuatree]

35 Breeder farms (with additional outsourcing to 5 farms)
3 hatcheries
93 farms There goes more of our land & facilities, overseas.
3 major plants
5 distribution centres (2 independent)
Now owned by a philippine company and all profits leaving NZ.

So OIO passed all of the above but not 1 more farm in the Kaipara ,providing 34 jobs, extreme inconsistency.

[Balance]

So OIO passed all of the above but not 1 more farm in the Kaipara ,providing 34 jobs, extreme inconsistency.

Totally consistent actually - Tegel is already owned by foreign interests. The 1 more farm would have seen foreign interest take over more land from NZers.

Meanwhile, where are the NZers (so patriotic are we) who are prepared to take out foreign ownerships?

[Balance]

Totally consistent actually - Tegel is already owned by foreign interests. The 1 more farm would have seen foreign interest take over more land from NZers.

Meanwhile, where are the NZers (so patriotic are we) who are prepared to take out foreign ownerships?

Busy investing in Gold Coast apartments and putting their money with the finance companies, that's where!

[winner69]

I always find these sort of numbers from Stats NZ interesting


From the latest Balance of Payments report for March 2018


Of New Zealand’s $242.6 billion total investment abroad, 60.1 percent was in the United States of America, Australia, and the United Kingdom.

Of the $398.9 billion foreign investment in New Zealand, 56.2 percent was from Australia, the United Kingdom, and the United States of America.

[Balance]

I always find these sort of numbers from Stats NZ interesting


From the latest Balance of Payments report for March 2018


Of New Zealand’s $242.6 billion total investment abroad, 60.1 percent was in the United States of America, Australia, and the United Kingdom.

Of the $398.9 billion foreign investment in New Zealand, 56.2 percent was from Australia, the United Kingdom, and the United States of America.

Fascinating numbers indeed!

Would be more fascinating if the numbers also include what kind of returns are made by the investments?

A guess would be :

On NZ investments offshore - 2.1% pa (think Air NZ, Telecom, Fletcher, Michael Hill, Fisher & Paykel, Pumpkin Patch, Fonterra etc etc)

On offshore investments in NZ - 25% pa (think Apple, Google, ATM, Xero etc etc).

[Joshuatree]

Totally consistent actually - Tegel is already owned by foreign interests. The 1 more farm would have seen foreign interest take over more land from NZers.

Meanwhile, where are the NZers (so patriotic are we) who are prepared to take out foreign ownerships?

Totally inconsistent 73 farms but not 74 .nuts.

[winner69]

This gives you some idea of returns by NZ investing overseas and foreigners investing in NZ. Heaps more (profits) leave NZ than come in

From Stats NZ

Primary income deficit narrows

Primary income flows between New Zealand and the rest of the world represent income earned from investments and compensation of employees.

Portfolio investment income earned by New Zealand investors abroad rose $358 million, to $1.0 billion over the June 2018 quarter. In the same period, the portfolio income earned by overseas investors in New Zealand increased $334 million, to reach $1.4 billion; the highest level since the $1.4 billion income in the June 2008 quarter.

Direct investment income earned by New Zealand investors abroad rose $118 million, to $143 million. In the same period, direct investment income earned by overseas investors in New Zealand rose $19 million, to $2.4 billion.

[mfd]

Looks like being bought out did not make Tegal any luckier.

https://i.stuff.co.nz/business/11676...virus-outbreak

Holders have dodged a bullet.