TUR - Turners & Growers

[Ggcc]

I read the other day that AutoSelect is closing their Auckland and CH CH yards and Fleet partners, owners of AutoSelect, will send their ex-lease cars to Turners to sell - should be a boost for them

Wrong thread. But hey nice to see TRA getting more advertising

[Jay]

Just realised that GGcc - will amend

[Getty]

Nah, you fella's took the wrong Turn.

Tina is on the other yard, with all the other patina's.

[nztx]

Nah, you fella's took the wrong Turn.

Tina is on the other yard, with all the other patina's.

but didn't she say the Internet is everywhere ?

[kiora]

"A new apple orchard worth about $18 million has been planted on the outskirts of Napier."
https://www.nzherald.co.nz/business/...6+October+2021

[Onion]

"A new apple orchard worth about $18 million has been planted on the outskirts of Napier."
https://www.nzherald.co.nz/business/...6+October+2021

Someone's calculator must have broken!

Watters said the orchard will produce an estimated four million tonnes of apples a year in the future.

That is off 40 hectares of planted apples.

In 2020, the export volume of apples produced in New Zealand amounted to around 402 thousand metric tons. New Zealand exported apples to 80 different countries in that year.

New Zealand: export volume of apples 2020 | Statista

40 hectares of apples.... producing 10 times NZ's total export volume.

Tonnes? Trays? Both start with "t".

[Sideshow Bob]

Thread dredge, but this has got to hurt.....

https://www.nzx.com/announcements/425985

The Board of Directors of T&G Global Ltd advises that Group Profit for the 2023 financial year is now forecast to be a loss before income tax of between ($60.0) to ($67.0) million.
This compares to the outlook provided on 18 May 2023 which indicated a full year loss before income tax for the 2023 financial year between ($28.0) to ($34.0) million which was based on the initial assessment of the losses, and the expected insurance recovery to be recognised in the 2023 financial year.
The main reason for the variance is that the complexity of the insurance claim from the damage caused by Cyclone Gabrielle has caused delays in finalising the value of the insurance claim receivable at balance date.
The Company expects to announce its 2023 full-year results to the market on 29 February 2024.

[kiora]

Thread dredge, but this has got to hurt.....

https://www.nzx.com/announcements/425985

[FONT="]The Board of Directors of T&G Global Ltd advises that Group Profit for the 2023 financial year is now forecast to be a loss before income tax of between ($60.0) to ($67.0) million.
This compares to the outlook provided on 18 May 2023 which indicated a full year loss before income tax for the 2023 financial year between ($28.0) to ($34.0) million which was based on the initial assessment of the losses, and the expected insurance recovery to be recognised in the 2023 financial year.
The main reason for the variance is that the complexity of the insurance claim from the damage caused by Cyclone Gabrielle has caused delays in finalising the value of the insurance claim receivable at balance date.[/FONT]
The Company expects to announce its 2023 full-year results to the market on 29 February 2024.

Takeover time then?

[Ggcc]

Takeover time then?

In all honesty who would have the kahoonas to buy a business that is reliant on 3-5 months worth of harvest to make money, then this harvest has just had the hardest year in History for the bay with the cyclone and then climate change happening with seasons getting shorter for apples due to increased temperatures and rain forecasts. I wouldn’t buy this company for a dollar unless they created a new variety of fruit that would not be upset by the idea of Mother Natures wrath. Ps I have worked for these guys before. Some of the Management is not bad and from what I hear they are getting rid of the difficult ones. Some of the old guard still believe stat holidays can just be days you change to suit the company.

[kiora]

There largest shareholder ?

BAYWA AG
90,671,206 73.99 % 113 M $