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

[minimoke]

The signs aren’t good. A blow out of operating costs in a low capital business isn’t a great look. Real reasons are probably a drop in demand due to the weather. Or is there another big expense in there that isn't being mentioned. Sure vehicles costs, mainly fuel, will have gone up but if they can’t pass on, say a $0.25c an hour per worker cost now then what makes them think they can do so in the future.

[BRICKS]

quote:Originally posted by minimoke

The signs aren’t good. A blow out of operating costs in a low capital business isn’t a great look. Real reasons are probably a drop in demand due to the weather. Or is there another big expense in there that isn't being mentioned. Sure vehicles costs, mainly fuel, will have gone up but if they can’t pass on, say a $0.25c an hour per worker cost now then what makes them think they can do so in the future.

DEPENDS what you want to read into the statement they are telling you the worst and then the best but the div seems SAFE.. [8D]

[donnie]

The blenheim motorcamp, im staying at which allieds subsidary brought, seem to be spending money at will, they've just put down 2 large slabs of cement for campervans, so they wont get bogged on the grass, also they brought a big shed for storing stuff in, and they still have a number of cabins laying around not being used which must be wasting some money. Also the motorcamp cant support more then 50 people for long periods because the water pressure is so low. also alot of the workers leave the motorcamp on the 1st of sept which will reduce cost over the summer season.

there is one good thing though they put our rent up by $20 per week. bar steds

[Happy Camper]

This Happy Camper has twice purchased shares in AWF for $1-50 or less, and has twice sold them for $1-70. Two respectable trades, both completed inside 90 days.

I await with interest the release of financials confirming just how badly impacted the company was by the June storms. It may just present another buying opportunity. Then again, I may have jumped off the bus a couple of stops too early.

If I do buy into AWF for a third time this year, I expect it will be for the long-haul.

Cheers

[Happy Camper]

Once again, an AWF announcement has given the shareprice a fair old shake-up.

Re-entry opportunities around/under $1.50 keep showing their face with this stock. And as long as they do, this Happy Camper continues to get out there and "re-pitch the AWF tent".

As per my comments of a week ago, my third foray into AWF will most likely be for the long-haul. Definitely longer than the average number of days (75) that I have held this stock for on past occasions.

Cheers

[BRICKS]

WELL Happy keep up the good work and buy a water tight tent but your letting your win tactics go public and could get some followers not a good idea also have now put AWF on the radar SET.. [8D]

[Happy Camper]

BRICKS, this Happy Camper thinks that if you picked up a few AWF at $1.40 today, you will have set a solid foundation for the future.

Of course, I could be proved 100% wrong tomorrow.

Cheers

[Misc]

HB firm in NZ's 'biggest' illegal-worker scam

07.12.2006
KELLY BURNS
The country's biggest operation to uncover illegal-worker scams burst into life at dawn yesterday as police and immigration officers swooped on a Hawke's Bay company and its associated "facilities".

The raids were the culmination of a two-day operation that saw 12 search warrants issued in both Hawke's Bay and Marlborough.

The Labour Department's national manager for investigations, Carl Manning, said the sting uncovered the largest illegal-worker scam in New Zealand.

It focused on one Hawke's Bay firm in the viticulture and horticulture industries, with ties to Marlborough.





The company, which cannot be named, and associated facilities were searched yesterday from 6am, to ensure workers were present.
Mr Manning said the rogue company appeared to employ illegal immigrants, whom they recruited by "word of mouth".

Most were Southeast Asian overstayers, though as the investigation expands, the nationalities of workers look set to widen.

The workers were paid less than the minimum wage of $10.25 per hour and the department was looking into whether some were on the pay-roll at all.

The company also appeared to dismiss holiday-pay and Act requirements.

Mr Manning stressed they were targeting employers, and not workers at this stage - though two overstayers were being held at the Hastings police station, awaiting deportation as a result of the investigation. He hoped companies would take heed of the operation, and the likely charges.

"This sends a clear message that we will not tolerate employers who assist people to remain in New Zealand unlawfully, or deny workers minimum employment entitlements. When we find out about such occurrences, we take action," he said.

The department had been aware of the company for some time, with two investigators working full-time, gathering evidence. The company had a "substantial number of workers on their books".

The department would not comment on the number of people likely to be charged, or how many workers were affected. Mr Manning did say however, that it was a large operation and the likely charges would be serious.

As the investigation continued, charges linked to the exploitation of workers would likely follow charges of aiding a worker to breach conditions of their work or visitor's visa.

Police in Marlborough were investigating similar offences. The swoop came less than a week after a labour shortage was declared in Central Hawke's Bay. But Mr Manning said that was no excuse for employers to exploit vulnerable foreign workers.

"Shortages are a real issue but this does not mean people can break the law. When they do, it's at the expense of employers who do follow the rules. It's also at the expense of workers who end up being exploited," he said. A supervisor of the targeted company was arrested, with more arrests likely by the new year.

Ut Danh, 41, a Vietnamese national, appeared in the Hastings District Court yesterday on eight charges relating to the investigations. Danh is accused of aiding and abetting seven Vietnamese who breached work-permit conditions between April 2005 and February this year. Danh entered no plea, and was freed on bail until his next court appearance on December 14.

[BRICKS]

ARE we saying Misc, Wink , Wink we cant say but you Know whats going On, over stayers are a prob in any country only this time police and others are doing the job that they are payed to do other than sitting in the office reading the paper waiting for someone to turn themselves IN.. [8D]

[Misc]

Im not sure what your meaning is 'BRICKS' , but if I held this stock I would be ringing the company and enquiring about the above article.
At very least the company should make an NZX announcement , um , dont you think?
Misc