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[biker]

How bloody ridiculous of the NZX to do a price enquiry. I mean its gone up from 25 cents to 29 cents in a stock that is thinly traded. Come on NZX you just make yourself look stupid.

Great post. Totally agree.

[biker]

...........Anyway, am personally very comfortable this is going to be a several bagger heading into the future.

I think you’re right Balance but I have far too many shares waiting for it.

There is value there. Can Mr Moriarty engineer shareholder’s access to it?
Good to know he and Mark Taylor have considerable skin in the game.

[Xerof]

Balance date changed so reporting on half year should be next week.

Might explain the urgency for the buying then eh Balance? surely not.....

[sb9]

Seems as though the squeeze is on now....should be past 30c soon I reckon.

[winner69]

Does that Note 15 mentioned say Arborgen is really worth US$345m ...much more than want is in the books

[Leftfield]

A lot to like in today's announcement...... just a tab wordy!!

"We previously announced our EBITDA2 target for the fiscal year ending 31 March 2018 as being forArborGen to double the US-GAAP EBITDA result achieved in the prior year – i.e. to achieve US-GAAPEBITDA of US$3.4 million (~US$9 million pre R&D). We are happy to now report that, despite anextremely tough hurricane season that prevailed during the year and which adversely impactedseedling sales by ~20 million units, ArborGen managed to record a US-GAAP EBITDA result for the 12months to 31 March 2018 of US$4.3 million (pre transaction-related costs and impairment costs3), ona gross profit of US$18 million. Excluding R&D of US$5.6 million, EBITDA was ~US$10 million (all figuresstated under US-GAAP, pre-depreciation). These numbers are ahead of our previously announcedearnings targets, in what turned out to be a very difficult operating environment, so we are verypleased with the result....


Looking to our next fiscal year target, we have said that we want to see the prior year’s US$1.7 millionEBITDA result double and then double again, so a long way of saying we are now targeting4,5 a US-GAAP EBITDA result approaching US$7 million for the year ended 31 March 2019. "

[minimoke]

A lot to like in today's announcement...... just a tab wordy!!

Very wordy and complicated. Granted not helped by intermingling of business and change in reporting periods. But I think for a start they need to try harder in simplifying shareholder communication.

They seem to think co still undervalued by 35%- but a bit of a positive with ACC taking a stake. (But then they take a stake in anything). Good to see sales up - but a risk with MCP bagging problems resulting in lower inventory.

While US tax position may add abit of value I wouldn't put any on NZ's forest planting objectives.

I'm still OK holding - but looking for a clearer picture in 12 months

[t.rexjr]

EBITDA doubling, then doubling again (400%). That forward looking EPS is disproportionate to current SP in that case.

The trouble with trees is they take so damn long to grow...

[minimoke]

Looks like market doesn't appreciate the news today. Down 5% so far. I think its more the packaging than the message.

[ari]

Don’t really think Labour’s trees are going to drive it....