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Looking at the action since the price spike it appears to me that whatever the strike price is on the MBO, it must be around current levels.

 

Jarden gonna come up with a good idea it would appear.

 

Two weeks until the AGM. Who will even turn up?

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Any strategic options that they would like to share with shareholders at the AGM?

 

A strategic review is code for everything we have told you so far was a load of crap.

 

Therefore look for the MBO at pennies to the dollar and some new entity to be backed in. Probably a Fletcher Forests reincarnation. Something that makes the parties of the limited liability partnership Hughie was involved with mega wealthy.

 

This is the Hughie n Luke Show after all.

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Strategic review after receiving an offer of a buyout. IPO on the cards. For the worlds leading GE forestry company! And nobody bats an eye.

You would think there would be some speculation on NZ's premier, market leading and incisive chat board, Sharetrader but alas, absolutely nobody has an interest in what might be despite precedent from Hughie n Luke with Capstone Energy which went to a nice ten bill'.

It's pretty plain to me and probably everyone else that the strategic review will culminate in a sell ARB (MBO in other words) and back in this other business which we (Jarden) think is better.

 

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The real question is, what has Jarden got cooking which they think is better than the worlds leading GE forestry company?

I know SKT have turned up on their doorstep with a transaction in the offing. Stuff got bought for a dollar a little while ago. I would not mind betting there will be some mega digital media company going into ARB at some point. Perhaps incorporating a digital warehouse with enough computing power for the likes of ARB to go to for some genomic sequencing and experimentation.

 

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  • 3 weeks later...

As the AGM season gets closer and closer so must be the EGM notice for the MBO.

 

Obviously something is going on because they have said so and it has Jarden smack bang in the middle of it. The same outfit involved with PEB who let slip they have a cap. raise lined up but can't give the details out on it so they just deny it it instead.

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  • 2 weeks later...

Looks like dad has packed it in as far as the board goes. That means he sees any more input from him on the MBO is not required or necessary. It also means that he is no longer conflicted and can therefore vote ~or sell~ his holdings as he sees fit so long as there is no professional requirement, policy or protocol post his departure which prevents this.

 

Clearly, he has no idea of what continuous disclosure means and the NZX can't be bothered either.

 

http://app.companiesoffice.govt.nz/compani...COZGngAAAA%253D

 

Ceased Director

David Mabon KNOTT 232 Cleft Road, Mill Neck, New York, 11765 , United States of America Date ceased: 19/08/2021

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I would love to know how much influence Jardens strategic review recommendations had on dad's decision.

 

Will be amazing if they recommend a MBO and a reversal of a new entity into the shell.

 

It's like genius man. Where do they get these ideas from? It's the kind of thing I associate with Ron Brierley.

 

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  • 3 weeks later...

All the King's men making their disclosures. Biggest shareholder of them all, and now ex-director not amongst them.

 

How come the market was not informed of his resignation? And why doesn't the NZX require it?

 

See, it defies logic that a guy with that size of holding, who has had his boy in the C-Suite as a CEO sucking on that teat until he also quit, will quit his directorship and hand control over to a bunch of other guys calling themselves directors and rely on them for future success.

 

The only rational conclusion is Dad has sold his holding and left the building already.

 

But for some reason, the market and shareholders don't need to know about it. And the regulators sure as hell aren't gonna bother to regulate anything except their drinking.

 

https://announcements.nzx.com/detail/380136

 

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It makes sense that the sudden surge in price a while back was just before Dad packed it all in with the directorship, after all those years as well. Indicating that was the sale price for his holding.

 

The market doesn't need to know though.

 

At some point the holders will find out just why the main asset is in a subsidiary.

 

 

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