AGL - Accordant Group. was previously AWF Madison, Allied...

[winner69]

"A bit messy" would be an understatenemt. All sorts of red flags not fluttering in a breeze but standing horizontal in a gale. Snoopy needs to put his numbers aside and go talk to the tea lady.

Snoops will see some good in that article I reckon

That Triangular Employment Bill is bteresting .....must affect AWF somehow

[winner69]

Jeez putting 24 adult males in a four bedroom house doesn’t seem good practice

[minimoke]

Makes you wonder if the Allied part of the business is out of a control ....a real mess

Well. I've just had a chat to the tea lady here is what she says.
- they had a contract which is why they bought the workers in. But lost the contract.
- the recruitment agents spend all day playing solitaire rather than finding work for these people
- the illegal anti-union clause isnt the only illegal non compliant thing they do.
- saw a dictionary open on a desk and the words "pastoral care" were underlined
- 16 workers at $20 an hour for 30 hours a week for 3 months is $115200 off the bottom line. She didnt know how many hours had to be billed to make up this lost NP ( I was pretty impressed with her math , a trick she she learnt hocking gingernuts off with the coffee. She reckoned she would need a supermarket full of Griffins to make up the loss)
- A union car was spotted out the front with baseball bats in the boot. Apparently workers are worth more than $20 an hour
- The boss's secretary was busy booking a flight for the boss to go to wellington and an uber had been booked for parliament offices
- a newsman had a fat notebook with lots of yellow stickies poking out of it

Then she had to go because a BMW turned up with apparently leagle beagles in it and she has to given them their trim Lattes.

[minimoke]

Jeez putting 24 adult males in a four bedroom house doesn’t seem good practice

Nor is stuffing a suitcase full of cash and flying from hawkes bay to Nelson. Another of AWF's problem children with migrant workers. Do leopards change their spots?

[winner69]

So $115,000 paid for nothing

At 3% Margin that needs almost $4m of billing’s to offset ...hmm

[winner69]

Nor is stuffing a suitcase full of cash and flying from hawkes bay to Nelson. Another of AWF's problem children with migrant workers. Do leopards change their spots?

Shat's that all about ...sounds intriguing

[minimoke]

Shat's that all about ...sounds intriguing

Well, since you asked. Go back to 2005/2006 when AWF bought Contract Labour Services. They had workers in the wine industry. There was a manager, as I recall flying around with bags of cash in his suitcase. That was when they bought land in Blenheim and set up a caravan park type arrangement for the migrant workers. Heres what Simon Hull said at teh time

It has come to AWF's attention that CLS is under investigation by Police and
Immigration officials in respect of possible offences under the Immigration
Act 1987, including using sub-contractors to provide crew, where such crew do
not have the right to work in New Zealand. Such offences may have occurred
prior to AWF acquiring its shareholdings in CLS and may have continued since
that time, all without AWF's knowledge. AWF has commenced its own
investigation in respect of this matter. It is not known at this time
whether any offences have occurred. AWF received a number of warranties in
the sale and purchase agreement when it acquired its shareholding in CLS.
Simon Hull

[winner69]

Well, since you asked. Go back to 2005/2006 when AWF bought Contract Labour Services. They had workers in the wine industry. There was a manager, as I recall flying around with bags of cash in his suitcase. That was when they bought land in Blenheim and set up a caravan park type arrangement for the migrant workers. Heres what Simon Hull said at teh time

It has come to AWF's attention that CLS is under investigation by Police and
Immigration officials in respect of possible offences under the Immigration
Act 1987, including using sub-contractors to provide crew, where such crew do
not have the right to work in New Zealand. Such offences may have occurred
prior to AWF acquiring its shareholdings in CLS and may have continued since
that time, all without AWF's knowledge. AWF has commenced its own
investigation in respect of this matter. It is not known at this time
whether any offences have occurred. AWF received a number of warranties in
the sale and purchase agreement when it acquired its shareholding in CLS.
Simon Hull

Yes, I do recall that sad state of affairs now

Things haven't changed much

[minimoke]

Just watched the morning news. (http://www.newshub.co.nz/home/money/...e-iceberg.html) According to the Minister AWF is under MBIE inspection - wouldn't that be worth a market update?

[BlackPeter]

Just watched the morning news. (http://www.newshub.co.nz/home/money/...e-iceberg.html) According to the Minister AWF is under MBIE inspection - wouldn't that be worth a market update?

Njet - remember CBL? Market updates are in case of government investigations only required after it is too late for investors to undertake any action ... we don't really want to upset investors, do we?

winner would probably say "No need to worry ..."