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03-03-2023, 09:19 AM
#1671
Last edited by nztx; 03-03-2023 at 09:20 AM.
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03-03-2023, 09:26 AM
#1672
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03-03-2023, 10:28 PM
#1673
Junior Member
Originally Posted by nztx
Wonder if Rabo would be interested in providing some hock at a respectable cost to ALF to allow buy out of the remaining 50% ?
After all, it wouldn't look good to deprive ALF of their look in securing full ownership of the Muddy Boots Management Co, after Rabo have stepped in to save the day for NZL on the Forests deal in a time of grave need and hand outstretched
Or perhaps they mightn't want to, after having gotten in gumboots deep on financing NZL out of a tight
spot on a forestry deal that NZL appears to have signed up for in Oct 2022 without the necessary dough
in kitty before interest rates started climbing and the NZL SP lost 38% or so of it's elevation in the following 5 or so months
glancing into their half year...Not much cash sitting in ALFs balance sheet...is borrowing money from rabo (@6.5%??) the best use of shareholder's equity...? otherwise alf will have to issue shares to muddy boots management...muddy boots knows all about issuing shares robbing peter to pay paul...Or Is It...
issuing shares to pay paul...?
Last edited by Nemology; 03-03-2023 at 10:39 PM.
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04-03-2023, 08:52 AM
#1674
Originally Posted by percy
Allied Farmers Limited (ALF.NZX) has this morning received from PwC a binding
valuation of $8.3 million for the 50 percent of NZ Rural Land Management (NZRLM)*
that it does not already own (Valuation).
ALF will be paying the $8.3 mil by paying a mixture of ALF shares and cash.
I would guess if half of NZRLM is valued at $8.3 mil I could asume the whole value of NZRLM would be $8.3mil times two.ie $16.6mil.
So at the end of the day ALF will own 100% of NZRLM.
What is the cost to ALF of this $16.6mil business.?
Well we know their original half cost them $2.5 mil.Add to buying the other half $8.3 mil, we have a total cost of $10.8mil.
A nice $5.8mil difference.Well done ALF.
Last edited by percy; 04-03-2023 at 10:58 AM.
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04-03-2023, 01:44 PM
#1675
Last edited by nztx; 04-03-2023 at 01:50 PM.
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04-03-2023, 01:55 PM
#1676
Originally Posted by Nemology
glancing into their half year...Not much cash sitting in ALFs balance sheet...is borrowing money from rabo (@6.5%??) the best use of shareholder's equity...? otherwise alf will have to issue shares to muddy boots management...muddy boots knows all about issuing shares robbing peter to pay paul...Or Is It...
issuing shares to pay paul...?
Good point - potential Lenders might get a bit nervous about the vast extent of Loans and INTEREST expense
flowing out of the captive satellite outfits, all stocked up high in slow moving estates & farms
especially when the hands are spread far and wide trying to hover up new capital into the net globally
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04-03-2023, 02:36 PM
#1677
Originally Posted by Nemology
glancing into their half year...Not much cash sitting in ALFs balance sheet...is borrowing money from rabo (@6.5%??) the best use of shareholder's equity...? otherwise alf will have to issue shares to muddy boots management...muddy boots knows all about issuing shares robbing peter to pay paul...Or Is It...
issuing shares to pay paul...?
Wonder if Eric the Great still has some left over out of the stash hidden in the Bahamas to help out
at inflated consultancy rates ? .. nothing like a slight Hang Over returning to help out with a rescue
mission, in times when the hand is being stretched far and wide to try to save the day
Last edited by nztx; 04-03-2023 at 02:40 PM.
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17-03-2023, 08:38 AM
#1678
ALF paying for the rest of NZRLM using cash (debt) and some of their NZL shares. As signaled and expected, no cap raise needed. Good stuff.
https://www.nzx.com/announcements/408504
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17-03-2023, 08:39 AM
#1679
Originally Posted by mfd
I think all ALF shareholders will be more than happy.
Know I am.
"The NZRLM Consideration will be satisfied by payment of $6.55 million of cash, and the transfer of $1.75 million worth of NZ Rural Land Company Limited shares owned by Allied at their 20-day volume weighted average price prior to completion date. The cash component will be funded from a combination of cash reserves and debt facilities."
I read it no ALF shares will be issued,so there will still be only 28,806,634 ALF shares on issue,and ALF's massive tax losses will be able to be carried forward.
PS.ALF's borrowings will be tax deductible,while no tax will be paid on profits [because of carried forward tax losses].
Last edited by percy; 17-03-2023 at 08:57 AM.
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17-03-2023, 10:25 PM
#1680
Just waiting patiently Alf will have its day
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