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15-03-2019, 07:16 PM
#371
Originally Posted by Pmdv77
It would require a lot of capital to monopolise - taking Seeka purchase of Aongatete, the facility is probably 4mTE status quo throughput historically with max capacity being 4.5m TE (and heavily caveated in that the fruit would need to be Kiwistart due to coolstorage volume limitations). $25m / 4m TE = $6.25 per Tray. Aongatete only had around 2.5% market share.
As a listed company, Seeka has access to capital.
Looks a bit like a "rollup" strategy to me, like what Aussie listed companies often do with dentists, medical imaging companies, camping grounds etc and other small/medium sized businesses. The share market values their earnings at a higher P/E than private investors. Some of this is justified by economies of scale and reduced risk through diversification, the rest by increased prices.
No need to be a monopoly, a duopoly or even a 4-5 company oligopoly will have more pricing power.
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19-03-2019, 08:43 AM
#372
In light of recent events interesting project name
https://www.nzx.com/announcements/332140
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-03-2019, 09:05 AM
#373
Originally Posted by winner69
Ouch ... you can't be careful enough, can you?
Pretty sure though this has been unintentional ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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19-03-2019, 09:09 AM
#374
Originally Posted by BlackPeter
Ouch ... you can't be careful enough, can you?
Pretty sure though this has been unintentional ...
Seem to have put up a new announcement leaving the project name out ...pretty quick eh ...somebody must have pointed it out to them
”When investors are euphoric, they are incapable of recognising euphoria itself “
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25-03-2019, 07:38 PM
#375
Could be a worry for Seeka. Avocado-wrecking beetle discovered in New Zealand.
https://www.stuff.co.nz/business/far...in-new-zealand
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25-03-2019, 11:44 PM
#376
Bad , potentially very bad news.Found in five areas already suggests it may be too late. heres hoping not. They spray enough insecticide etc already on Export avos, but this may have little effect on a wood borer.
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26-03-2019, 08:37 AM
#377
Originally Posted by IAK
I guess this would be a worry for any orchard planting "broadleaf trees", including apple, pears, figs, nut trees, cherries - this is not just Seeka and Avocado.
Biosecurity Surveillance and Incursion Manager, Brendan Gould said the beetle was regarded as a pest overseas and was known to feed on a wide range of broadleaf trees, including horticultural species such as avocado, and could spread fungal diseases.
On the other hand - I haven't heard yet that orchards in the rest of the globe all had to shut down - they could (despite having the beetle endemic in many countries) compete very nicely against our (previously beetle free) orchards.
If it establishes in NZ it will be just another threat our overseas competitors are dealing already a long time with. I am sure our farmers will to learn to manage it as well.
Here is what they do in Missouri: http://www.missouribotanicalgarden.o...ia-beetle.aspx
Last edited by BlackPeter; 26-03-2019 at 10:20 AM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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26-03-2019, 09:29 AM
#378
You are right it won't kill off the avo industry but it may well lower production volumes and add another layer of costs and more chemical/insecticide/fungicide use when we need to find ways to use less as bees are on the decline and insecticides are a poison. And we dont know how well the beetle will adapt here ,it could explode in numbers or hardly be noticed. The beetle spreading fungal diseases to many other tree varieties is another big unknown. Once it is in the tree sprays are ineffective. Any comments from growers welcome.
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04-04-2019, 10:49 AM
#379
Sudden surge of buyer interest this morning.
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10-04-2019, 11:34 AM
#380
SP for some time now above MA100 and for the last week above MA200. This is a confirmed uptrend.
Just wondering where all the "doom and gloom" merchants on this thread went?
Ah right - they are now busy down ramping the retirement stocks ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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