sharetrader
Page 32 of 116 FirstFirst ... 222829303132333435364282 ... LastLast
Results 311 to 320 of 1151

Thread: Rubicon

  1. #311
    Member
    Join Date
    Aug 2015
    Posts
    388

    Default

    Quote Originally Posted by Puriri Pete View Post
    We have a new director, one David Knott Jr, who according to the Companies Office website was appointed on 24 Feb 2017. New blood at last. I hope he's bright. Now there are seven directors so the chance of deadlock is reduced.

    Did I miss the NZX announcement?
    Is David Knott jr any relation to the David Knott who is already on the board who with associated entities is Rubicons largest shareholder.
    Haven't see any other notices regarding a new board director but then i may have missed it myself.

  2. #312
    Puriri Pete
    Guest

    Default

    I think that is the case however we should really wait for the company to explain.

    Also, over the past year Accident Compensation Corporation has reduced its holding from 17.33m to 12.57m shares. Not exactly a ringing endorsement of Rubicon's performance prospects. Perhaps they got wind of the board expansion and decided seven directors was over the top for a sub-$100m cap company? It's a shame they're heading for the exit as it will weaken the position of loyal NZ shareholders as US muscles gets flexed.

  3. #313
    Senior Member
    Join Date
    May 2002
    Location
    Wainui, New Zealand.
    Posts
    923

    Default

    Quote Originally Posted by Puriri Pete View Post
    I think that is the case however we should really wait for the company to explain.

    Also, over the past year Accident Compensation Corporation has reduced its holding from 17.33m to 12.57m shares. Not exactly a ringing endorsement of Rubicon's performance prospects. Perhaps they got wind of the board expansion and decided seven directors was over the top for a sub-$100m cap company? It's a shame they're heading for the exit as it will weaken the position of loyal NZ shareholders as US muscles gets flexed.
    But there still has to be a buyer???

  4. #314
    Puriri Pete
    Guest

    Default

    Quote Originally Posted by ari View Post
    But there still has to be a buyer???
    I can't argue with that although I'm unsure what your point is. She'll be right?

    I think NZ shareholders are pretty vulnerable to be taken to the cleaners on this one. I hope I'm wrong but seeing a well-resourced institution moving on means warning bells to me.

    Cheers.

  5. #315
    Senior Member
    Join Date
    May 2002
    Location
    Wainui, New Zealand.
    Posts
    923

    Default

    Quote Originally Posted by Puriri Pete View Post
    I can't argue with that although I'm unsure what your point is. She'll be right?

    I think NZ shareholders are pretty vulnerable to be taken to the cleaners on this one. I hope I'm wrong but seeing a well-resourced institution moving on means warning bells to me.

    Cheers.
    My point is, I would like to know what has motivated purchaser when all we see is doom and gloom. The further down the road it goes the less faith I have in a positive outcome..........

  6. #316
    Antiquated & irrational t.rexjr's Avatar
    Join Date
    Feb 2017
    Location
    Under the sycamore tree
    Posts
    592

    Default

    Quote Originally Posted by ari View Post
    My point is, I would like to know what has motivated purchaser when all we see is doom and gloom. The further down the road it goes the less faith I have in a positive outcome..........
    Doom and gloom? I find the lack of ongoing information on this company quite frustrating. Management help the situation none by keeping shtum. None the less, I have followed this company for a very long time, only recently buying in. Loss of faith due to loss of patience is the only real doom and gloom story here as far as I see. The 'Rubicon has been crossed' and I suspect things are poised.
    I'm very interested in the effect the change in reporting date will have in the next Annual Review as this should now include full turnover from the latest selling season.
    Cleerwood was picked up rather cheaply as far as I can make out. Although it's not a great turnover it should provide a bit of feed for the winter months.
    The question will be, now that the cake is mixed will it need a cash injection to get it baking? With the loss of faith in the company that may be difficult...

    Still, I think it is not 'if' but 'when' with this one. Now that I've thrown some change at it I'm hoping in the next year or two rather than 10...

  7. #317
    Senior Member
    Join Date
    May 2002
    Location
    Wainui, New Zealand.
    Posts
    923

    Default

    That said t.rexjr....what are your thoughts on Arborgen? I might add I have held shares since 04' and currently hold in excess of 200,000, so I am very keen to see a tidy profitable exit.

  8. #318
    Antiquated & irrational t.rexjr's Avatar
    Join Date
    Feb 2017
    Location
    Under the sycamore tree
    Posts
    592

    Default

    Quote Originally Posted by ari View Post
    That said t.rexjr....what are your thoughts on Arborgen? I might add I have held shares since 04' and currently hold in excess of 200,000, so I am very keen to see a tidy profitable exit.
    My thoughts on Arborgen?

    It's all very vague isn't it. It has stupendous potential that may never be realised. I do like this excerpt from Decembers Interim Review though...

    [QUOTE]ArborGen should remain on track to meet its EBITDA break-even target (including the full expensing of all product research costs) in this current fiscal year. Although it has takena "little longer" than we would have hoped, this is an important milestone in ArborGen’s life. It has built the leading technology and global commercialisation platform in the industry. It is now producing in excess of 340 million seedlings, per annum, globally, and has firmly established a new core commercialisation arena in Brazil. It has also largely passed through the heavy product development spend phase, and past EBITDA losses,which peaked at circa US$18 million per annum, are well behind it.[/QUOTE]

    I think many people didn't stop to ponder that this industry is a long term industry. 15 years to grow a tree. It was never going to be booming over night.

    Ask me in two years time...
    Last edited by t.rexjr; 14-06-2017 at 07:57 PM.

  9. #319
    Puriri Pete
    Guest

    Default

    Quote Originally Posted by ari View Post
    My point is, I would like to know what has motivated purchaser when all we see is doom and gloom. The further down the road it goes the less faith I have in a positive outcome..........
    Your comment understood now, thanks.

    I find poking around their website eg http://www.arborgen.com/about-arborgen/ it's quite easy to believe in the Arborgen story. Lots of bright committed folk leading the business and we can't argue with the worth of their science. So while I have some misgivings about Rubicon's governance I have been accumulating RBC lately although unfortunately not in such scale to soak up ACC's unwanted stock. Keep the faith.

  10. #320
    Senior Member
    Join Date
    Oct 2013
    Posts
    898

    Default

    Quote Originally Posted by Puriri Pete View Post
    Your comment understood now, thanks.

    I find poking around their website eg http://www.arborgen.com/about-arborgen/ it's quite easy to believe in the Arborgen story. Lots of bright committed folk leading the business and we can't argue with the worth of their science. So while I have some misgivings about Rubicon's governance I have been accumulating RBC lately although unfortunately not in such scale to soak up ACC's unwanted stock. Keep the faith.
    Is a scenario of a reverse takeover by Arborgen of Rubicon possible?. I think the Grant Samuel report of 2011 speculated on this, if I recall correctly.

Tags for this Thread

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
  •