Quote Originally Posted by iceman View Post
Interesting interview on NBR yesterday with Seeka's CEO. He says that the 1st reason for the sale of their shares in Zespri is that they were unhappy with and voted against the recent changes to Zespri's constitution that they felt treated those leasing land for growing worse than the landowner. Bearing in mind that SEK is the biggest grower in NZ and most of it from leased land, that is understandable.
He says once the constitutional changes went through, they then considered the best use of their capital would be to sell Zespri shares and put some in the bank to support current and future growth plans and rest to pay down debt.
Yeah I read that article yesterday, sounds reasonable and I like the fact they talk about using the $ for future growth. I have a very tiny holding in SEK but will look at accum at the lows as I like the way this business as diversified itself. A few years of good crop would be ideal for me to hold.