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11-10-2018, 05:06 PM
#1701
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-10-2018, 05:06 PM
#1702
 Originally Posted by Beagle
LOL a lot of ill informed comment on here. I doubt many have spent the necessary time actually reading the annual report thoroughly so have little idea of the growth prospects and opportunities ahead and all they see is the negatives. Some guy a while back said "be greedy when others are fearful"
Eg "our aim is to be the first NZX listed B Corp". This is a report chock full of 'foundations are laid" and the growth is all ahead.
Its quite an uplifting doc - recommended bedtime reading over the next few nights.
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11-10-2018, 05:09 PM
#1703
Originally Posted by minimoke
Eg "our aim is to be the first NZX listed B Corp". This is a report chock full of 'foundations are laid" and the growth is all ahead.
Its quite an uplifting doc - recommended bedtime reading over the next few nights.
I found it quite therapeutic reading today mate. Doubt any of the "expert" naysayers have bothered to read it. Great that John Penno is staying on and serving on the board.
Last edited by Beagle; 11-10-2018 at 05:10 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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12-10-2018, 10:30 AM
#1704
Originally Posted by sb9
As per NBR article looks like John and Maury Penno are backing The Pure Food Co with their investment, good on them!
https://www.tvnz.co.nz/one-news/busi...n-food-elderly
Link to article for news posted as above, I know this is off-topic, but just to highlight the good work Penno keeps doing out in the community. He's a good man, that Penno!!!
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12-10-2018, 10:47 AM
#1705
Originally Posted by sb9
Does my long range super sniffer Beagle nose sense a listing coming for "The Pure Food Company" ? Nice name..hope they're serving our elderly folks A2 milk, cheese and a new A2 yogurt about to be released ?
Last edited by Beagle; 12-10-2018 at 10:50 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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12-10-2018, 12:13 PM
#1706
I think the $4+ correction down from $13 a few weeks ago to under $9 this morning is overdone. ATM paid ~ 20% more for their 8% shareholding at $10.90 than the current price and I think there's the real chance of a takeover of SML in the foreseeable future. I increased my position this morning. Forward PE is just 17.7 with years of strong growth ahead.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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12-10-2018, 01:04 PM
#1707
First lot A2 bought were at $3.27 so still will ahead even though they paid over the odds at $10.90 for another lot
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-10-2018, 01:28 PM
#1708
Member
Originally Posted by Beagle
I think the $4+ correction down from $13 a few weeks ago to under $9 this morning is overdone. ATM paid ~ 20% more for their 8% shareholding at $10.90 than the current price and I think there's the real chance of a takeover of SML in the foreseeable future. I increased my position this morning. Forward PE is just 17.7 with years of strong growth ahead.
hi Breagle, how does that work? CN got 49% ATM got 16%, I thought you need to hold some shares to be able to start the takeover process. even it is going to happen, it will be a long process, right?
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12-10-2018, 03:56 PM
#1709
Originally Posted by nzsharetrade
hi Breagle, how does that work? CN got 49% ATM got 16%, I thought you need to hold some shares to be able to start the takeover process. even it is going to happen, it will be a long process, right?
Process starts by a company such as Nestle approaching the major shareholders and seeing at what price they would sell. The rest is a formality that takes a few months. You don't need any to start with. It could be ATM starts hoovering up more shares on market and then start a takeover process by maybe cash and scrip.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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12-10-2018, 04:13 PM
#1710
Member
Originally Posted by Beagle
Process starts by a company such as Nestle approaching the major shareholders and seeing at what price they would sell. The rest is a formality that takes a few months. You don't need any to start with. It could be ATM starts hoovering up more shares on market and then start a takeover process by maybe cash and scrip.
Cool, Thanks. it would be hard for bright light to let it go in IMO.
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or when AIR 12 month target was $2.13 and the share price at that time was $2.80 !
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