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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 companyís future development and growth, Chairman Graham Cooney announces the appointment of Sarah Ottrey to the Board of Southlandís Blue Sky Meats.


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

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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?

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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.

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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.

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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

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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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    A letter to shareholders regarding the above.

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    Does anyone has a clue to Bluesky Meats' business performance. I think lamb killing is close to the end this season. What was its share of the
    1 million fewer lambs killed in the south island?

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    A large off-market transfer for Blue Sky Meats has taken place.

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    Annual results announced.

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    With an after tax profit of $1.95m and a divident of 10 cents a share, Bluesky Meats delivered normal results. It is a company better
    than Sliver Ferm Farms in management. For example, senior managers at Bluesky Meats took a pay cut after the losses in last 2 years.
    In contrast, the CEO of SFF has not shown a respect to shareholders. He can always blame external factors for years after years of bad
    performance, and his renumeration goes only in one direction: up and up!

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    Acquisition of Clover Export Limited.

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    2015 results announced and annual report have been posted.

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    Proposed takeover in play. Interesting to see how it pans out. Also the fact that they've been looking for buyers so their long-term shareholders are dissatisfied?

    http://www.unlisted.co.nz/uPublic/do...areholders.pdf
    http://www.unlisted.co.nz/uPublic/do...er_Bluesky.pdf

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    An offer at $2.20, current bid $1.00, last sale $1.30, sporadic dividends, what's not to like about that $2.20 offer, eh?

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    The Shareholder meeting presentation from 20 January 2017 has been posted. Click here to view

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