sharetrader
Page 5 of 9 FirstFirst 123456789 LastLast
Results 41 to 50 of 85

Thread: Blue Sky Meats

  1. #41
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

    Default

    Quote Originally Posted by percy View Post
    Going to be a busy boy.
    He is currently a director of Lean Meats Ltd and Atkins Ranch Holdings Ltd, and chief executive of Atkins Ranch — a US retail-focused lamb marketer. He is also chief executive of Progressive Meats, a specialist toll processor of lamb, mutton, goat and beef in the Hawke’s Bay.
    Would just about say he might have been headhunted. Probably smaller than Progressive and less moving parts. I wonder if Blue Sky will try to get their Gore beef plant operational again.....

  2. #42
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

    Default

    Couple of weeks until they likely report.

    Not a holder but from a SFF perspective, always interesting to see how other companies perform.

  3. #43
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

  4. #44
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

    Default

    Although someone liked it - actually traded today and up 10c!

  5. #45
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,382

    Default

    Quote Originally Posted by Sideshow Bob View Post
    Seems like a well acceptable result. Holders must be happy as there have been no offers since the annual report was released !
    Discl: Not holding

  6. #46
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

    Default

    Hmmmm, put in a trading halt this morning.......pending announcement.

  7. #47
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,382

    Default

    Quote Originally Posted by Sideshow Bob View Post
    Hmmmm, put in a trading halt this morning.......pending announcement.
    Any guesses ?

  8. #48
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

    Default

    Quote Originally Posted by iceman View Post
    Any guesses ?
    If had to guess, then maybe Binxi were having another go at a takeover. They are the largest shareholder with just under 20% now, but tried about 4 years ago and then withdrew their offer after reviewing forecasts, and not receiving OIO approval.

    They had 96% acceptances at $2.20. Microsoft Word - NXBinxi-BSM-Offer-Withdraw -310317 fin.docx (usx.co.nz)

    Lowe Corp own about 18%, Richardsons own 17% and Blue Star Corp own 11% and can't see any one of these trying a takeover. After this, biggest shareholder is 1% and expect that alot of the smaller shareholders are their suppliers, looking at their share register.

    Of course, all pure speculation, and no doubt will be completely wrong!

  9. #49
    Guru
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    4,818

    Default

    Picked the takeover, just not who was the takeoverer.... And looks like completely wrong on Richardson's/Lowe's not taking over.

    $3.00/share a healthy premium on the last price of $1.30.

    Blu_Takeover_7_March_Announcement.pdf (usx.co.nz)

    Southern Lamb Investments - Shareholdings (companiesoffice.govt.nz)

    They own circa 35% of the company between them already, so should be able to get another 15%?? If Binxi got 96% at $2.00 then should get enough to get over the line at $3.00.

    Looks like a good solid move! Values the company at about $35m, and can effectively get control for another $5-6m. Although may have to buy the lot, although Richardsons would have deep pockets, and already putting a substantial amount into the Invercargill CBD development. Lets see what Binxi does......

    I bet you the seller with 9,000 on offer at $1.28 is absolutely stoked!!

  10. #50
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,213

    Default

    And to think I thought they were not worth buying at $1.30...
    Wrong again...lol

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
  •