sharetrader
Page 3 of 7 FirstFirst 1234567 LastLast
Results 31 to 45 of 101
  1. #31
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    746

  2. #32
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    746

    Default

    News release on China office being opened.

  3. #33
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    746

    Default

    Clarity needed on shareholder resolution.

  4. #34
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    746
    Last edited by Armillary Private Capital; 22-07-2015 at 05:17 PM.

  5. #35
    Advanced Member
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    1,666

    Default

    SFF is in a trading halt since last week pending capital raising developments.

  6. #36
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    855

    Default

    So who will it be?

    The Chinese? The Brazilians? Or some dark horse from out of left field?

    Any ideas? Any suggestions? Any preferences?

  7. #37
    Banned
    Join Date
    Jul 2015
    Posts
    49

    Default

    Quote Originally Posted by GTM 3442 View Post
    So who will it be?

    The Chinese? The Brazilians? Or some dark horse from out of left field?

    Any ideas? Any suggestions? Any preferences?
    Going with the Chinese could be a Bright idea. A shame for farmers to lose control of an asset but they are their own worst enemy. Sucked in by egotistical management who wouldn't consolidate the co-ops.

  8. #38
    Advanced Member
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    1,666

    Default

    Investment is one thing, but control is another. If they give away control, think farmers will vote with their feet.

  9. #39
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    855

    Default

    Quote Originally Posted by Sideshow Bob View Post
    Investment is one thing, but control is another. If they give away control, think farmers will vote with their feet.
    I rather suspect that the farmers will vote with their wallets.

  10. #40
    Senior Member Marilyn Munroe's Avatar
    Join Date
    May 2010
    Location
    Hollywood
    Posts
    663

    Default

    I blame a failure of governance by the farmer shareholders for Siver Fern Farms current siuation.

    They should have used the outcome of the Bell Group & others v PPCS litigation as an excuse to clear out directors and management.

    Boop boop de do
    Marilyn

  11. #41
    Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    102

    Default

    Anyone thinking Chinese investment is a home run for Chinese access should look carefully at the sequence of Bright Investment in Synlait Milk and its insistence on control even when dropping under 50% shareholding. And the aggressive takeout of shareholders in Synlait Farms provides equally little ground for optimism for long term future of a farmer partnership with a large corporate shareholder.
    Quote Originally Posted by Sideshow Bob View Post
    Investment is one thing, but control is another. If they give away control, think farmers will vote with their feet.

  12. #42
    Banned
    Join Date
    Jul 2015
    Posts
    49

    Default

    How does an Investor get control and still be confident the farmers will supply. An interesting set of interests to negotiate through.

  13. #43
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    855

    Default

    Quote Originally Posted by 1leon View Post
    Anyone thinking Chinese investment is a home run for Chinese access should look carefully at the sequence of Bright Investment in Synlait Milk and its insistence on control even when dropping under 50% shareholding. And the aggressive takeout of shareholders in Synlait Farms provides equally little ground for optimism for long term future of a farmer partnership with a large corporate shareholder.
    A farmer grows stuff to sell.

    A corporate farmer generally looks at vertical integration. In the case of SFF, from the pasture to the plate. In the case of Exxon, from the oil well to the petrol pump.

    It allows for much closer control of costs, and provides options as to where the profit can be made or declared.

    It is not easy to see the interests of farmers and corporate farmers aligning closely over time.

  14. #44
    Member
    Join Date
    Aug 2010
    Posts
    317

    Default

    Farmers want the best price for their sheep and cattle and the best profitability of SFF. How could it be achieved? Who forced SFF borrowing so much? Farmers, not foreign investors!

  15. #45
    Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    102

    Default

    Quote Originally Posted by GTM 3442 View Post
    A farmer grows stuff to sell.

    A corporate farmer generally looks at vertical integration. In the case of SFF, from the pasture to the plate.

    It allows for much closer control of costs, and provides options as to where the profit can be made or declared.

    It is not easy to see the interests of farmers and corporate farmers aligning closely over time.
    Neither Shanghai Maling, the now revealed purchaser, nor SFF seem to fit corporate farming in that neither company actually owns farms. However your comment as to options as to where the profit can be taken seems to fit well with both Bright and Shanhai Maling retail and wholesale distributing operations. Somewhat surprisingly with Synlait Milk, Bright did not seem to give any advantage to Synlait when NZ powder exporters were subjected to banning and later individual approvals.

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
  •