ARB-ArborGen Holdings Ltd

[Felix]

Sep 2018 Annual Meeting (share price 27c): CEO "there is no argument that the current share price is not where we would like it to be".

Sep 2019 Annual Meeting (share price 19c): Chairman "While current share price performance is unquestionably disappointing, we are confident that as ArborGen continues to demonstrate improved earnings and cash flows, share price growth will follow. As Chairman, and a major shareholder, I am incredibly focused on share price appreciation".

Aug 2020 Annual Meeting (share price 15c): CEO or Chairman (insert similar comment here)

[nztx]

Sep 2018 Annual Meeting (share price 27c): CEO "there is no argument that the current share price is not where we would like it to be".

Sep 2019 Annual Meeting (share price 19c): Chairman "While current share price performance is unquestionably disappointing, we are confident that as ArborGen continues to demonstrate improved earnings and cash flows, share price growth will follow. As Chairman, and a major shareholder, I am incredibly focused on share price appreciation".

Aug 2020 Annual Meeting (share price 15c): CEO or Chairman (insert similar comment here)

Have the Left put their order in for their imaginary billion trees yet (or still too hard - like some of their heads ? )

Perhaps Shaney has run out of Pingers for that small project already ?

but it might help things along a bit

[Sgt Pepper]

Have the Left put their order in for their imaginary billion trees yet (or still too hard - like some of their heads ? )

Perhaps Shaney has run out of Pingers for that small project already ?

but it might help things along a bit

Curious story this one. If I recall Fletcher challenge was broken up into 3 entities I think around 2000?? One of them was Fletcher Forests which became TENON, languished for years delivering little value for patient shareholders. Sold off TENON which left Arborgen. I bailed out 2 years ago. I know some shares are long term holds and patience is often required but this sad story is ridiculous.
Board still got paid though.

[nztx]

Curious story this one. If I recall Fletcher challenge was broken up into 3 entities I think around 2000?? One of them was Fletcher Forests which became TENON, languished for years delivering little value for patient shareholders. Sold off TENON which left Arborgen. I bailed out 2 years ago. I know some shares are long term holds and patience is often required but this sad story is ridiculous.
Board still got paid though.

Yes - it certainly is & was -- Fletcher Challenge got split three ways -- Paper Mill etc which got taken over Norwegian/Swedish Buyer (from memory) ; what is now listed FBU and the bits along with Rubicon along the way, this is what remains of Forestry - the Taupo Timber Mill (one of the last mills they had) got closed / sold (I forget which) the bulk of Forests got taken over / privatised into a Foreign/NZ joint owned Forestry Partnership and so was the demise & large scale dividing up of what was once one of our largest companies.. which started out I suspect as an attempt by Fletcher Challenge to have the Market recognise individual sector values on each of it's major operational components in the group..

How badly that went wrong, and then the operandi changed to extracting as much fast value out of the core bits by disposing of them (The former listed CHH unit was taken over by Hart's Rank Group and probably followed a very similar path)

I still ponder likely future successes of basically a stand-alone NZ listed Forestry Nursery company -- mostly operating up in the US Of A, if I'm not wrong..

Past news has suggested seedlings for Brazil etc etc , but then these sort of initiatives are dependent on genuine efforts of
Political Leaders to go that way & not strip the land further for fast resources gains.

Brazil also currently ranks highly up the Covid-19 Infection & Death rate charts, next to the US of A ..

that is likely to be around for quite some time until contained or infections rates diminish

The natural process which may or may not follow in due course with ARB may well be to grow the operation for a while & look for a buyer - perhaps North American / Canadian - and then liquidate / repay Capital or reduce to a Listed NZ Shell, but who knows how long this stray listing of a basically US trading operation may linger on on NZX before something further happens

[blackcap]

Curious story this one. If I recall Fletcher challenge was broken up into 3 entities I think around 2000?? One of them was Fletcher Forests which became TENON, languished for years delivering little value for patient shareholders. Sold off TENON which left Arborgen. I bailed out 2 years ago. I know some shares are long term holds and patience is often required but this sad story is ridiculous.
Board still got paid though.

If I recall correctly there were 4 divisions of Fletcher Forest that listed on the NZ market. They were Fletcher Forests, Fletcher Energy, Fletcher Paper and Fletcher Building.