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  1. 13-11-2018, 06:21 AM #11
    iceman
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    Quote Originally Posted by Lewylewylewy View Post
    The capital raise is an announcement of the start of a growth strategy being put in place
    The growth strategy is already well underway with the purchase of the Australian operation in 2015, KiwiCrush in 2016 and Turners & Growers Northland operation earlier this year, as well as packouse facility upgrades in this period as well. They intend to continue growing the business quite significantly in both NZ and Australia.
    This has lead to a fairly highly geared balance sheet which they are de-risking with the new capital and the continuation of a share scheme for suppliers. This is a sensible strategy.

    They now need significant focus on making Australia profitable and deal with the PSA issue there.
    Last edited by iceman; 13-11-2018 at 06:23 AM.
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