Tegel IPO

[kiwidollabill]

Hmmm, this will be interesting (scary?) when the final numbers are out.

Found this http://www.stuff.co.nz/sunday-star-t...moves-at-Tegel from the previous sale

Revenue 2009/2015 $464m$563m = 3.25% CARG
Net Earnings 2009 $29.5m
EIT 2015 $45.5

Plus I think PEP sold off all the property assets and are now on a lease back.

Looking like a dog.....

[Rep]

Over the ditch, TPG sunk $900m into Inghams in 2103 and are apparently looking for an out... rumours are it'll IPO this year too. I guess the irony is that they'll be cheering the competition on for a positive listing.

Bob was no fool neither were his brother Jack or father Walter - building a personal fortune worth a billion. He sold his bloodstock business in 2008 just before the GFC and Inghams is one of the largest stock feed businesses in Oz so vertically integrated - built partnerships with KFC and McDonalds (McNugget supplier).

Doubt Bob would have left much meat on the bones for the TPG vultures.

[Sideshow Bob]

Has any one compared this with Pro Ten on [NZ] Unlisted market.
Market cap $118,5mil ,PE 15,6 and dividend yield of 4.6%.
ProTen grow chickens in Australia.
I have stayed away as I think it is a fowl industry to be in.

Proten's share price has increased by 50% in te last year......not bad for a fowl industry.

http://www.unlisted.co.nz/uPublic/un...?p_prtp_id=139

[kiwidollabill]

Hmmm, this will be interesting (scary?) when the final numbers are out.

Found this http://www.stuff.co.nz/sunday-star-t...moves-at-Tegel from the previous sale

Revenue 2009/2015 $464m$563m = 3.25% CARG
Net Earnings 2009 $29.5m
EIT 2015 $45.5

Plus I think PEP sold off all the property assets and are now on a lease back.

Looking like a dog.....

http://www.nzherald.co.nz/business/n...&ref=nzhbiz_tw

Now calling 2016/2017 EBITA $84M,

[Joshuatree]

Ive noticed how cheap boneless skinless chicken has been this summer.

[LAC]

This is the next Dick Smith

You heard it here first

[Sideshow Bob]

Every dog (chicken) has its price but would have to be clucking cheap to get any interest from me!

[kiwidollabill]

Just dug this out, I struggle to decipher all of it, but the bits I can understand dont make good reading.

https://www.business.govt.nz/compani...E4D132837E0895

[kiwidollabill]

Ive noticed how cheap boneless skinless chicken has been this summer.

Super competitive sector at the moment.

They only do ~30% of the national free-range sector (only area with growth) and are struggling to maintain this.

[winner69]

http://www.nzherald.co.nz/business/n...&ref=nzhbiz_tw

Now calling 2016/2017 EBITA $84M,

April 2015 accounts has EBITDA at $30m

Must have and expecting a few good years