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Thread: Blue Sky Meats

  1. #1
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    Default Blue Sky Meats

    Blue Sky Meats Ltd appoints marketer to board

    With a view to continuing the company’s future development and growth, Chairman Graham Cooney announces the appointment of Sarah Ottrey to the Board of Southland’s Blue Sky Meats.


    http://www.unlisted.co.nz/uPublic/un...cement_id=1781

  2. #2
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    How is Blue Sky Meats doing? Any issues of concern, such as industrial actions, short of animals for processing, or meat price?

  3. #3
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    Lamb prices would be the big worry at present - markets are weak with low demand in Europe and prices decreasing fast after a big spike in the last 18 months, inventories higher, exchange rates making, and supply lumpy because of weather. They usually do alright because of the plant structure/high utilisation and benefitting from increased daiying in more calf numbers, which are processed at a time usually when have little/no lambs. SSB

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    It looks that if you have Blue Sky Meats shares it is difficult to exit. Data from unlisted show that in the past 12 months only 67860 shares out of 11.5 million total were traded (i.e., 0.59%). At this percentage it would take 169 years for all shares be traded once. That is a big problem for shareholders who want to exit at some stage of their lives.

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    The lamb-killing season has finished. Does anyoune have a clue on the financial performance of Blue Sky Meats to 31 March 2013?

    I guess it would be another year of loss, possible bigger than last year, which was about half a million dollars.

    No trading of BSM share occurred in last 9 months. It seems nobody wants to buy the shares.

  6. #6
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    Blue Star Meats announced an after tax loss of $3,875,093 for the year ending 31 March 2013. No dividend.

  7. #7
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    Blue Sky Meats annual report and media release can be found here:

    http://www.unlisted.co.nz/uPublic/un...cement_id=2214

  8. #8
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    New issuer profile has been posted:

    http://www.unlisted.co.nz/uPublic/un...cement_id=2245
    Last edited by Armillary Private Capital; 19-12-2013 at 01:58 PM.

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  10. #10
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    A letter to shareholders regarding the above.

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