Seeka

[Jaa]

To avoid "late machine commissioning" wouldn't a competent management commission their machinery in the 9 months of the year that it sits mostly idle?

Maybe all those growers so keen to sell their co-ops (Aongatete, OPAC, Orangewood, NZ Fruits) and then dump their Seeka shares knew more than us mere punters all along.

[BlackPeter]

To avoid "late machine commissioning" wouldn't a competent management commission their machinery in the 9 months of the year that it sits mostly idle?

Maybe all those growers so keen to sell their co-ops (Aongatete, OPAC, Orangewood, NZ Fruits) and then dump their Seeka shares knew more than us mere punters all along.

I suppose you didn't watch the webinar? That's what the plan was.

But sure, I recon they should have predicted all these freight congestion due to Omicron and the Chinese lock downs when they ordered the machine 2 years or so ago ... I am sure you could have told them with the benefit of hindsight, couldn't you?

[Jaa]

I suppose you didn't watch the webinar? That's what the plan was.

But sure, I recon they should have predicted all these freight congestion due to Omicron and the Chinese lock downs when they ordered the machine 2 years or so ago ... I am sure you could have told them with the benefit of hindsight, couldn't you?

I would love to but the Zoom ID has expired. Prefer the Turners method of sharing it on YouTube for people to watch when they have time. See Seeka have posted the presentation from Feb but not this one with the bad news/explanations even though it would appear market sensitive. Competence?

Freight issues have been "normal" for at least 2 years, if anything they have been easing this year. These big automated agricultural machines are notoriously hard to get working. I wouldn't plan my harvest around one but with the "labour shortages" I guess they hoped for a magic solution.

I use quotes as between friends and my own experience working in Kiwifruit it always amazed me what a terrible deal it was. Seasonal, low pay, terrible bosses and no guarantee of income. If they hired people on salaries year round at the average wage the industry wouldn't exist which is always risky for shareholders/growers if the flow of imported seasonal labour is disrupted. e.g. backpackers, RSE and various immigration scams.

Have always thought Seeka one of the better operators but you can't fight industry dynamics.

[BlackPeter]

I would love to but the Zoom ID has expired. Prefer the Turners method of sharing it on YouTube for people to watch when they have time. See Seeka have posted the presentation from Feb but not this one with the bad news/explanations even though it would appear market sensitive. Competence?

Freight issues have been "normal" for at least 2 years, if anything they have been easing this year. These big automated agricultural machines are notoriously hard to get working. I wouldn't plan my harvest around one but with the "labour shortages" I guess they hoped for a magic solution.

I use quotes as between friends and my own experience working in Kiwifruit it always amazed me what a terrible deal it was. Seasonal, low pay, terrible bosses and no guarantee of income. If they hired people on salaries year round at the average wage the industry wouldn't exist which is always risky for shareholders/growers if the flow of imported seasonal labour is disrupted. e.g. backpackers, RSE and various immigration scams.

Have always thought Seeka one of the better operators but you can't fight industry dynamics.

Jeez, you sound like somebody with an axe to grind.

Numbers didn't look horrible - better than last year and better (or equal) to analyst predictions.

Ah yes, and Michael Franks offered that anybody with additional questions re the announcement can contact them (him or the CFO) after the meeting - contact details are in the NZX announcement.

Why don't you do that? Too hard for you? I guess whinging and making false claims on an anonymous internet forum is easier?

I am wondering in whose court the competence issues might lie?

[Jaa]

Jeez, you sound like somebody with an axe to grind.

Numbers didn't look horrible - better than last year and better (or equal) to analyst predictions.

Ah yes, and Michael Franks offered that anybody with additional questions re the announcement can contact them (him or the CFO) after the meeting - contact details are in the NZX announcement.

Why don't you do that? Too hard for you? I guess whinging and making false claims on an anonymous internet forum is easier?

I am wondering in whose court the competence issues might lie?

What false claims?

The share price is down 7%, so the market clearly thinks the numbers and outlook look horrible.

[Getty]

As recently as late April, and May, 2 directors bought at $5.20 /$5.17.

Would they have done so if they thought they were going to get juiced?

Current SP $4.06 gives estimated forward PE 17, compared to TGG which has also stopped dividends for now, on PE 20.5.

Will the amalgamation synergies and new machines off set this years negatives, going into a new season?

[bull....]

As recently as late April, and May, 2 directors bought at $5.20 /$5.17.

Would they have done so if they thought they were going to get juiced?

Current SP $4.06 gives estimated forward PE 17, compared to TGG which has also stopped dividends for now, on PE 20.5.

Will the amalgamation synergies and new machines off set this years negatives, going into a new season?

chuck in scales as well for high pe stock in the sector as well. think people paying to much for any of these types of stocks going forward with the risks due to climate change now. the past the weather was predictable ... not now deserves a risk premium i reckon

[GTM 3442]

So we have climate change. At the moment, New Zealand grows kiwifruit in places which have a climate suitable for growing kiwifruit.
As the climate changes, these places are likely to become less suitable for growing kiwifruit. But other places will become suitable for growing kiwifruit.

I don’t think that the kiwifruit industry will disappear, I think it will move.

And moving a whole industry- not just the cultivated land used to grow the crop, but all the associated infrastructure - together with the people needed to staff the industry, is going to require massive amounts of capital expenditure.
And that’s not capital for expansion and growth, but capital to simply maintain the industry at it’s current size.

It’s going to be a huge project.

Think of the position than New Zealand King Salmon find themselves in – having to migrate their operations some hundreds of kilometres south if they’re to survive.

Think in terms of the vast sums sunk into the development of the South Island dairy industry over the past couple of decades.

As climate change progresses, I think there’s going to be a huge change in New Zealand’s land use patterns as various crops and industries have to up sticks and move to survive. Taking their workforce with them. And requiring all the associated infrastructure to support both the people and the industries.

Horticulture has been good to me over the years, but I find my investment timeframe shortening.

[bull....]

So we have climate change. At the moment, New Zealand grows kiwifruit in places which have a climate suitable for growing kiwifruit.
As the climate changes, these places are likely to become less suitable for growing kiwifruit. But other places will become suitable for growing kiwifruit.

I don’t think that the kiwifruit industry will disappear, I think it will move.

And moving a whole industry- not just the cultivated land used to grow the crop, but all the associated infrastructure - together with the people needed to staff the industry, is going to require massive amounts of capital expenditure.
And that’s not capital for expansion and growth, but capital to simply maintain the industry at it’s current size.

It’s going to be a huge project.

Think of the position than New Zealand King Salmon find themselves in – having to migrate their operations some hundreds of kilometres south if they’re to survive.

Think in terms of the vast sums sunk into the development of the South Island dairy industry over the past couple of decades.

As climate change progresses, I think there’s going to be a huge change in New Zealand’s land use patterns as various crops and industries have to up sticks and move to survive. Taking their workforce with them. And requiring all the associated infrastructure to support both the people and the industries.

Horticulture has been good to me over the years, but I find my investment timeframe shortening.

well said , nobody can predict where this climate change will take us.
just look at the disruption to insurance companies as an example of another industry being effected.

[Jaa]

Well, you said:




Clear evidence that you have no clue whatsoever what you are talking about. Where have you been the last two years - behind the moon?




I suppose you missed looking at the volume before crying wolf - didn't you? At the time you made this statement less than 1000 shares had changed hands (and overall despite your significant downramping and smearing the company efforts it was still just a trickle).

"Normal" as in the new normal, keep up. Freight issues have been a constant for the last two years so can't be considered surprising anymore. Planning to have major equipment delivered in April right as the season kicks into high gear strikes me as poor project management.

As for the volume, I checked the depth which correctly signalled a big drop as their were lots of sellers at lower prices. You should try looking at it, might help you.