Just watched the SEEKA AGM online. Some highlights:
- Director opened the meeting with a karakia - that's good.
- Did well in Australia - buying and selling (leasing production back) orchards - that's good.
- Successfully managed Covid-19 lockdown - no wage subsidy taken - that's good- round of applause from the shareholders.
- Health and Safety issues - 3 serious harm incidents -one guy came off second best against a fork lift, another got crushed between 2 stacks of kiwifruit and a tractor rolled (near miss) - not good. But, everyone has recovered and now a a new tractor fleet and a new H & S team - that's good.
- Utilising waste kiwifruit for medical purposes i.e., to assist people to evacuate their bowels properly - that's good.
- SEEKA was the only kiwifruit company that sent fruit to rural communities during Covid lockdown. One of the director's, Peter Ratahi, drove the truck - that's good.
- Acquisition of OPAC (Opotiki Packing and Cool store) - $59m approved. Chairman is excited. They've done the due diligence give's SEEKA scale. Time will tell I guess.
- The usual climate change, sustainability, waste minimisation stuff. Pretty standard these days.
- Asked about the potrential impact of the illegally grown gold kiwifruit in China. They don't know yet, could well be an issue
- Directors got a pay rise. A fait accompli.
- No idea of the quality and quantity of the afternoon tea. One of the downsides of on-line attendance. Not good.
- The live link feed dropped out during question time - not too good.
The end.
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