Rubicon

[beetills]

Isee that housing starts in the U.S.A. are 12% up on last month so i would expect the Tenon share price to rise and by default Rubicon or would that be to much to ask.

[GTM 3442]

Isee that housing starts in the U.S.A. are 12% up on last month so i would expect the Tenon share price to rise and by default Rubicon or would that be to much to ask.

Probably it is, once you strip out currency.

[iceman]

Isee that housing starts in the U.S.A. are 12% up on last month so i would expect the Tenon share price to rise and by default Rubicon or would that be to much to ask.

Yep it is too much to ask. The market is frustratingly uninterested !!

[ari]

Annual Review should be out any day now....same old crap? Thank you to all the shareholders and your continuing support......

[ari]

Dividend payments to begin immediately for Tenon
o First dividend of NZ5.0 cps declared in respect of fiscal ‘15 – payment in Nov ‘15
o Intention is to make two dividend payments per year
o Next dividend3
to be in relation to the 2016 Interim Result period – payment in
April ‘16
o Future dividend rates (i.e. cents per share) yet to be determined3
o Future payments will also be subject to3
the outcome of Strategic Review

Now that should help, now for the share price!

[iceman]

Dividend payments to begin immediately for Tenon
o First dividend of NZ5.0 cps declared in respect of fiscal ‘15 – payment in Nov ‘15
o Intention is to make two dividend payments per year
o Next dividend3
to be in relation to the 2016 Interim Result period – payment in
April ‘16
o Future dividend rates (i.e. cents per share) yet to be determined3
o Future payments will also be subject to3
the outcome of Strategic Review

Now that should help, now for the share price!

Definitely good news Ari. The increasing strength of the USD and US economic activity growth, will support further good news coming our way. TEN reaction positive this morning so lets hope we see some long awaited action with RBC as well !!

[forest]

Definitely good news Ari. The increasing strength of the USD and US economic activity growth, will support further good news coming our way. TEN reaction positive this morning so lets hope we see some long awaited action with RBC as well !!

3. Earnings Guidance - In addition to these announcements, the Company also gave insight on its internal forward earnings targets. Mr Moriarty said, “Net earnings trebled in the FY ‘15 year just completed, and our expectation is for materially higher earnings next year. In this respect we are internally targeting EBITDA2 in excess of $20 million1,2 for fiscal ‘16 (excluding FX gains / losses). We reiterate our mid-cycle3 EBITDA guidance of circa $50 million.”
All references in this document to $ or “dollars” are references to United States dollars unless otherwise stated.

A quick valuation, 50mil US EBITDA should give us more then NZ$70mil EBITDA in mid cycle (assuming exchange rate wont go much over
70c NZ/US).
So say NPAT mid cycle of 50% of that, this will give a $NZ35mil.
Lets allow a low mid cycle P/E of 6 and the value of TEN shares comes out at over NZ$3.00.

Present SP NZ$2.30, sure liquidity is low but is this the best value on the NZX today?

Forest.

[ari]

There always appears to something in the background with Rubicon......what's the fig for fighting this one...RBC

24/09/2015 11:58
GENERAL
NOT PRICE SENSITIVE
REL: 1158 HRS Rubicon Limited

GENERAL: RBC: ArborGen Court case - update

24 September 2015 - Further to last week's announcement in relation to the
on-going ArborGen employee matter, Rubicon said the Plaintiffs were now also
seeking costs and interest in the amount of US$10 million from ArborGen, the
three partner defendants (including Rubicon) and their representatives.
Rubicon repeated that although the South Carolina Court had yet to make any
ruling on the case, its intention is to vigorously appeal any adverse
outcome. Any appeals process could take some considerable period of time to
be determined.

END

[psychic]

Anyone else here have an inkling about this employee action against Arborgen? US$43m and now a further US$10m sought. Origins 2010.

Not a hint of this in the accounts for as long as I've been reading them , and yet if RBC's 30% interest in Arborgen warrants NZX disclosure of these developments now, how is it that some sort of note or contingency has not been necessary in the past?

I am starting to think that all this fluff about floating Arborgen when the time is right is absolute BS. No way could they float with this thing around the corner.

These guys snoozing away in the RBC boardroom year in year out - what do they do exactly?

[beetills]

Things that make you go Hmmmmmmmmmmm.