SANford Chart

[iceman]

Is it clear that it was the captains fault? The companies explanation sounds more like a database error where somebody removed accidentally the geofencing of a smaller area which was part of a larger area where the geofencing was (correctly) removed? Could be an issue with whoever is responsible for maintaining the data base (like an operators error) - or it even could be a software issue.

These things do happen.

If latter is the case than I'd say that our laws are quite ridiculous with the punishment completely out of proportion to the offence.

It should be absolutely known to both the company and Captain where the MPAs are. These things are well published and talked about in the industry and the Captain has a responsibility to ensure the restrictions are followed. I've just had a MPA imposed where I am fishing and we just simply put the coordinates on our plotters ourselves, no "geofencing" or whatever fancy words they use.
Remember this happened 2 years in a row for the San Waitaki.

[Beagle]

It should be absolutely known to both the company and Captain where the MPAs are. These things are well published and talked about in the industry and the Captain has a responsibility to ensure the restrictions are followed. I've just had a MPA imposed where I am fishing and we just simply put the coordinates on our plotters ourselves, no "geofencing" or whatever fancy words they use.
Remember this happened 2 years in a row for the San Waitaki.

Last time I used a decent Raymarine GPS plotter it was accurate to within 10 meters, Hmmm

[RTM]

Last time I used a decent Raymarine GPS plotter it was accurate to within 10 meters, Hmmm

You’re average phone is more than capable of being that accurate.

[BlackPeter]

CFO bought a modest parcel - calling the bottom?:

http://nzx-prod-s7fsd7f98s.s3-websit...292/341359.pdf

[winner69]

CFO bought a modest parcel - calling the bottom?:

http://nzx-prod-s7fsd7f98s.s3-websit...292/341359.pdf

Maybe - being a Fonterror graduate she prob a good judge when things are going to turn around

[BlackPeter]

Maybe - being a Fonterror graduate she prob a good judge when things are going to turn around

I can't remember - did Leon buy any shares? This would have hurt ...

[Aaron]

I looked at the first post on this thread back in 2004 support at $4.70 hasn't moved much since then.

Not sure if the CFO buying shares is a sign of the bottom the board chair bought some in November which proved a bit early.
$22,500 worth of shares for someone on a $200,000 plus salary sounds more like dabbling than a strong conviction.

BP have you bought shares in SAN lately by any chance ???

[BlackPeter]

I looked at the first post on this thread back in 2004 support at $4.70 hasn't moved much since then.

Not sure if the CFO buying shares is a sign of the bottom the board chair bought some in November which proved a bit early.
$22,500 worth of shares for someone on a $200,000 plus salary sounds more like dabbling than a strong conviction.

BP have you bought shares in SAN lately by any chance ???

Must admit, I did. Not a huge parcel, but part of my agricultural portfolio. Historically Sanford shares are good value when bought under the MA400 - and hey, they are a good bit under the MA400 these days, aren't they?

[Aaron]

Must admit, I did. Not a huge parcel, but part of my agricultural portfolio. Historically Sanford shares are good value when bought under the MA400 - and hey, they are a good bit under the MA400 these days, aren't they?

WELL STOP TALKING THEM UP AGAIN, I pulled my bid this morning after seeing the S&P500 down over 2% last night, hoping for a bit of a panic drop. So close but not moving down any further today. Maybe I should just meet the market instead of rue what might have been. I would have thought of this as a dividend company (although currently a 0% yield), share price fluctuations shouldn't worry you. Although that said a 50% decline over the last little while has been interesting to watch.

My hoped for parcel is about the same as the CFO but I would bet that it forms a much larger percentage of my portfolio.

[Aaron]

F**k it, if $4.50 is good enough for the CFO to dabble I can invest at $4.51. Thanks for the push BP now I can concentrate on work again instead of constantly checking the price.