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  1. #151
    Senior Member Marilyn Munroe's Avatar
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    Quote Originally Posted by Balance View Post
    https://www.nzherald.co.nz/business/...ectid=12204157

    Sanford's salmon exports to China getting held up - no reasons given.
    This is easily resolvable. All Peter Goodfellow Sanford director and National Party chairman has to to do is pick up the phone and tell His Excellency the Chinese Ambassador if his government want to play silly buggers Peoples Liberation Army soldier and National list MP Jian Yang will be placed at position 120 on the party list in the forthcoming election.

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  2. #152
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Marilyn Munroe View Post
    This is easily resolvable. All Peter Goodfellow Sanford director and National Party chairman has to to do is pick up the phone and tell His Excellency the Chinese Ambassador if his government want to play silly buggers Peoples Liberation Army soldier and National list MP Jian Yang will be placed at position 120 on the party list in the forthcoming election.

    Boop boop de do
    Marilyn
    I'd think the Chinese could not care less on what position of the national party list some MP with Chinese sounding name might sit ...

    They see the moves of the bully in the white house as what they are ... pure harrassment and they are going to try their defence strategies first on the weakest link in the Western chain, which unfortunately happens to be NZ.

    If you ask me - I don't like the undemocratic Chinese regime and I neither like their posturing, but I can fully understand them in this situation. And lets face it - as long as we do Trumps bidding without reflecting on his selfish reasons (nothing good for NZ will come out of his stance), this is what we deserve.

    We exclude Huawei equipment for no good reason. So - whats wrong if the Chinese play the same game with our produce?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #153
    An Awesome Cool Cat winner69's Avatar
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    Can’t make out if this contains more good stuff than bad stuff ..but hardly inspiring (a bit like the chart)


    http://nzx-prod-s7fsd7f98s.s3-websit...902/300315.pdf
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  4. #154
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    Agree winner it is hardly inspiring. I question why the San Granit had to stay in port for 3 months after the very unfortunate and sad death of the crew member and why, since they were in port this long, they could not get other vessels to catch most of that quota. I still believe Sanford's management has the right idea with where they are heading, with increased focus on quality and prices. But value per greenweight kgs increasing only 1c (from 56c to 57c) between periods is certainly not inspiring and needs to happen MUCH quicker. Needs to be close to $1 within 5-6 years. Getting rid of the pelagic operations will help lift this faster. But to achieve this goal they really need to grab the bull by the horns and invest a lot of money in upgrading processing facilities and vessels, which will cost a lot of money. This is not a problem as the balance sheet should be higher geared to achieve better return. It is the only way if they want to make a serious change. Hopefully their current applications for resource consents for more waterspace in Big Glory Bay will not drag out too long before a positive conclusion.
    Happy to be on the sidelines for now.
    Last edited by iceman; 23-05-2019 at 08:24 AM. Reason: Added sentence

  5. #155
    Senior Member Marilyn Munroe's Avatar
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    Quote Originally Posted by iceman View Post
    But to achieve this goal they really need to grab the bull by the horns and invest a lot of money in upgrading processing facilities and vessels, which will cost a lot of money.
    The San Granit will provide a lot of useful learning about how not to upgrade the fleet. Full steam ahead and don't panic when rammed by a sardine.

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  6. #156
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    It will be interesting to see shareholders notices on Monday. Looks like around 11% of the Company changed hands yesterday

  7. #157
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    Quote Originally Posted by iceman View Post
    It will be interesting to see shareholders notices on Monday. Looks like around 11% of the Company changed hands yesterday
    Looking sicker than an El Nino sardine
    https://www.financialexpress.com/mar...-body/1436589/

  8. #158
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    Quote Originally Posted by Marilyn Munroe View Post
    The San Granit will provide a lot of useful learning about how not to upgrade the fleet. Full steam ahead and don't panic when rammed by a sardine.

    Boop boop de do
    Marilyn
    The Ocean Friend (Canadian Fibreglass Boat)
    was another quality effup by these noddys

    Purchased sight unseen only to be found completely unsuitable for Fishing here and completely rotten

  9. #159
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    https://www.msn.com/en-nz/news/natio...cid=spartanntp

    Might be relevant to Sanford holders.

  10. #160
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    https://www.nzx.com/announcements/344244

    Revenue is up! Profit it down, but revenue is up, backing our strategy!

  11. #161
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by Sideshow Bob View Post
    https://www.nzx.com/announcements/344244

    Revenue is up! Profit it down, but revenue is up, backing our strategy!
    Having not studied SAN for a while should this inspire me to do a bit more study?
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  12. #162
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    Quote Originally Posted by winner69 View Post
    Having not studied SAN for a while should this inspire me to do a bit more study?
    I haven't studied them.....and not that inspired. PE at 16.5, divvy yield at 3.2%, and the announcement was more about H&S, algal blooms and climate change.
    Then all the usual corporate buzzwords - value-add, innovate, engagement etc......doesn't thrill me.
    Last edited by Sideshow Bob; 14-11-2019 at 07:58 AM.

  13. #163
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    Having not studied SAN for a while should this inspire me to do a bit more study?
    Hard to say ... FWIIW they are on my watch list and I think they are a well managed company, however (nearly) always appear to be too dear. Used to be a holder for some periods of time (not now). But that is true for a number of companies with still climbing SP.

    Looking at the results - not really inspirational. Revenue slightly up, earnings slightly down ... and the fatality of a crew member resulting in a three month outage of a ship shows that the business risk is quite significant. There used to be the old saying: never invest into companies which own equipment which flies or floats ...

    On the other hand - in the long run this might be a winner ... catching (and growing) healthy protein for a growing world population. Obviously - in which way their business will be impacted by global warming is everybody's best guess.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  14. #164
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    Quote Originally Posted by winner69 View Post
    Having not studied SAN for a while should this inspire me to do a bit more study?
    SAN is facing huge investment need in upgrading both their fleet (scampi fleet, Antarctic longline fleet and inshore fleet) and processing facilities such as the salmon processing on Stewart Island/Bluff. This investment has been postponed far too long and this is the main reason they are not showing much progress towards the $1 per Green Weight Tonne the CEO set as a goal. They simply can not achieve their lofty goals (goals I like a lot) with their current totally outdated assets.

    The last 2 vessel purchase decisions have been very poor, as can be seen in posts above, with one of them being a 100% write off without catching a fish and the other one being an old and outdated ship that has performed poorly since arriving here. So I'm happy to stay off the SH register for now but will continue to watch them with interest. They have awhile to go yet to convince me to become a holder again.
    Last edited by iceman; 14-11-2019 at 09:18 AM.

  15. #165
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    Pulled the trigger and decided to buy some of these today ... hopefully not a mistake :P

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