AS a former OPAC shareholder I am speaking with first-hand knowledge.
Seeka and OPAC merged earlier this year.
Prior to that event OPAC shares had been illiquid for several years; ie. no sales went through.
In addition to their shares in the packhouse many OPAC shareholders owned large kiwifruit orchards.
This merger has given them an opportunity to take some money off the table.
I expect this process to continue for a year or so.
I should add that in my view Michael Franks is an excellent CEO.
He has been there a long time.
Also, the board is well-versed in the industry with several of the directors having significant skin in the industry.
Where do you think kiwifruit industry going to head from here felonius is it reaching its peak in your opinion or do you think returns will continue to be strong in the industry
Where do you think kiwifruit industry going to head from here felonius is it reaching its peak in your opinion or do you think returns will continue to be strong in the industry
I don't know Muzz.
Offshore prices for the fruit seem to be holding up despite ever increasing exports from New Zealand.
I guess the middle classes in Asia are continuing to expand so that bodes well for the industry.
I should add that in my view Michael Franks is an excellent CEO.
He has been there a long time.
Also, the board is well-versed in the industry with several of the directors having significant skin in the industry.
i agree franks is doing a good job.
i did get a bit pissed with them last yr over there communication around the company prospects and div but communication around company and what franks wants to do to grow the company is way better this year. clear growth strategy and plan.
looking forward to a growing company with increasing dividends in the yrs ahead
AS a former OPAC shareholder I am speaking with first-hand knowledge.
Seeka and OPAC merged earlier this year.
Prior to that event OPAC shares had been illiquid for several years; ie. no sales went through.
In addition to their shares in the packhouse many OPAC shareholders owned large kiwifruit orchards.
This merger has given them an opportunity to take some money off the table.
I expect this process to continue for a year or so.
Good post Felonius. I've been to a couple of Seeka AGMs and spoken to many growers/shareholders. I think it is a great benefit for ALL shareholders to be listed and give the growers an opportunity to freely and easily sell & buy shares at a fair market value. I like holding SEK (& SFF) for the very reason growers (farmers) are heavily involved and their interests are very important for the company. Long term that is good for all SH.
I agree with your comments on Michael Franks. He is very experienced in this industry, a smart guy and has a lot of skin in the game himself. SEK is a very well managed company in a great NZ industry and in my view a very solid investment.
Originally Posted by percy
.
Reply With Quote
Bookmarks