sharetrader
Page 3 of 6 FirstFirst 123456 LastLast
Results 21 to 30 of 52
  1. #21
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Quote Originally Posted by Left field View Post
    Chinese investors have an eye to the long term, its what their Belt and Road initiative is all about. Whether NZ's water, or our milk, it's all about securing food supply and trade dependancy.

    At a micro level it reads as a good deal for Westland farmers..... at a Macro level is it still such a good deal?

    For those in doubt about the Chinese long game, check out this. China now has a 99 year lease on Australia's strategic Port of Darwin.
    Yes a foot in the door and plenty of time to grease palms change rules, regs etc down the line, another soft takeover jigsaw piece. I really hope it doesn't get past OIO, but all that money is all most can focus on.

  2. #22
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,502

    Default

    Quote Originally Posted by Joshuatree View Post
    Yes a foot in the door and plenty of time to grease palms change rules, regs etc down the line, another soft takeover jigsaw piece. I really hope it doesn't get past OIO, but all that money is all most can focus on.
    OIO will be interesting. Foreigners cant but residential property anymore. We might see a tightening of foreign companies

  3. #23
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,480

    Default

    Quote Originally Posted by Joshuatree View Post
    Yes a foot in the door and plenty of time to grease palms change rules, regs etc down the line, another soft takeover jigsaw piece. I really hope it doesn't get past OIO, but all that money is all most can focus on.
    Yup - exactly like how the Americans came to NZ, bought Telecom (with the 'help' of Fay Richwhite etc) and proceeded to extract billions of dollars out of New Zealanders and leaving behind a buggered up Telco., one which could not even deliver UFB without government intervention.

    Korea rolled out its UFB in 2004. Guess when Telecom was going to roll out UFB in NZ if Helen Clark did not intervene?

    Did I read a lot of outcry about the Americans buying Telecom?

    Yup - exactly like how the Australians came over and bought up all our banks and then, proceeded to extract billions of dollars each year out of NZ and control the NZ economy.

    Did I read a lot of outcry over the Australians?

    Shall we talk about forestry and who really owns the forests planted decades ago through the sweat, tears and toil of New Zealanders?

    Did I read a lot of outcry about how we now export logs and jobs overseas?
    Last edited by Balance; 20-03-2019 at 06:18 AM.

  4. #24
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,480

    Default

    https://www.nzherald.co.nz/business/...ectid=12214337

    Windfall of $500k each to the farmers for a bankrupt company!

    Not hard to figure out what they would do!

  5. #25
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,411

    Default

    Quote Originally Posted by Balance View Post
    https://www.nzherald.co.nz/business/...ectid=12214337

    Windfall of $500k each to the farmers for a bankrupt company!

    Not hard to figure out what they would do!

    Im picking that there will be heaps of W D supplier farms for sale shortly, with the terms of this sale/agreement and 10 years of matching the Fonterra price for milk this is a once in a life time opportunity for owners to exit their otherwise unsaleble farms, who would not want to sell ?

  6. #26
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,411

    Default

    Can someone post the very good todays N Z Herald article on W D, great write up on all things W D, rock and hard place, one could say that the same applies to Fonterra but on a smaller scale.

  7. #27
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Death throes of a dairy co-operative

    Thanks for bringing that article up whatsup.

  8. #28
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    Death throes of a dairy co-operative: Westland Milk a loss of more than just money

    https://www.nzherald.co.nz/business/...ectid=12214628
    one step ahead of the herd

  9. #29
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    "Too many things aren't clear. We don't know if our farms are going to be tied in for 10 years. When we sell our farm does it have to be transferred to the new owner?"
    Sheridan says an example of Westland's poor governance is that it has a plant building programme even while it is in debt and searching for a rescuer.
    "Nothing should have been done while that was going on but they're talking about building milk transfer plants and giving farmers more indebtedness than they already had.
    "There is no governance."
    Sheridan would have liked Fonterra to have been involved but shareholders were never told about its interest, he says."
    Death throes of a dairy co-operative

  10. #30
    Senior Member
    Join Date
    Jun 2008
    Posts
    880

    Default

    "We looked at standing alone and going to our shareholders [for capital] and using retained earnings or going to our banks. We looked at a cornerstone investor in the early part and we looked at a full trade sale and that's what this is.
    Looked at everything except listing on and raising capital from the share market. Pretty sad indictment of the NZX isn't it?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •