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RBC, RUBICON LIMITED
plastic
post Posted: Jan 21 2020, 09:03 AM
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Considering the subsidiary of this company, Arborgen, the one which shareholders have no legal recourse to make a claim on the assets of, is supposed to be the most scientifically advanced forestry genetics company in the world, it is scarcely believable that it has no public listing of its own and its parent is majority owned by a single individual whose son is at the helm of. And, according to some, for no other reason except Dad is a drinking buddy of Lukie Luke.

Even the worldly wise on Sharetrader haven't got anything to say. Which is a statement of its own.

Nevertheless, on Jan. 16th, the new liquidator filed his report for Tenon. He reckons, the final payment will be made to its shareholders by the end of Feb.
That's only five and a half weeks away.

Hope this guy's expectations, anticipations, hopes and promises are a little bit better than his mates. It was always next month with him as well.

https://app.companiesoffice.govt.nz/compani...y6stwAAAA%3D%3D



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What did Uncle Mel do to us?
 
plastic
post Posted: Jan 13 2020, 12:29 PM
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Must be a couple of ex-staffers who are totally pissed they settled for a holding they can't sell. Unless they are expecting something.
The final payment from Tenon is still pending I see. If it never goes ahead it might be curtains for Arborgen Holdings Ltd. Perhaps its contingent on selling Arborgen on the cheap to a more credible entity.




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What did Uncle Mel do to us?
 
plastic
post Posted: Dec 31 2019, 12:03 PM
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As another year draws to a close it's clear Junior really has that performance thing down pat; he emulates a dead duck perfectly.



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What did Uncle Mel do to us?
 
plastic
post Posted: Dec 16 2019, 07:53 AM
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Interim been and gone. As expected it was Junior and his blather.

Tenon payment still not made.

For all the promises made about the focus on performance poor old Junior is looking like a lame duck.



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What did Uncle Mel do to us?
 
plastic
post Posted: Nov 22 2019, 08:15 AM
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One week left for the interim to be filed.

Are we going to be shocked and awed or just another eye roll as Junior blabbers on?

Whatever happened to CITIC and all those other CNIFP players?



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What did Uncle Mel do to us?
 
plastic
post Posted: Nov 20 2019, 08:02 AM
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Junior must be thrilled with the market endorsement he is receiving; of the 499m plus shares on issue a single share, with a value of 18.3c has been traded today.

Wonder where Shane Jones is with his billion tree planting programme.



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What did Uncle Mel do to us?
 

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plastic
post Posted: Nov 18 2019, 12:06 PM
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After some thought*, I can quite honestly say I have never seen such a pig of a company remain listed on the stock exchange after such a prolonged period of non-performance while the likes of Junior still stand up and talk about how they are on top of things and the future is so bright. After a while you realize these people have not got a shred of decency or honesty in their bones when it comes to actual shareholder value creation.

*consideration of many years from the eighties til now which includes all the busts and disappearances and shells left behind by shonky management. Those thieves had the decency to get out of town at least. These ones are still here spinning the story.




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What did Uncle Mel do to us?
 
plastic
post Posted: Nov 13 2019, 08:40 AM
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In Reply To: plastic's post @ Jul 16 2019, 02:36 PM

The second payment still hasn't been made, no comment from the new liquidator and no reason given why the other one left but the contract still remains with the same company.
A long time has passed since these comments were made in the first instance. We hear nothing more about the million trees programme.
We hear about the "One Company" policy with Arborgen Ltd. but the fact remains there are two companies with shareholders in one having no legal recourse to the assets in the other no matter what policy Junior wants to shout about.
Cash might be getting down a bit too without the second payment.

We will all know a bit more by the end of the month when the interim is released.




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What did Uncle Mel do to us?
 
plastic
post Posted: Nov 1 2019, 02:00 PM
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Could be some upside here for Arborgen. Strange how it coincides with the US signing a trade deal and Arborgen is a US company HQ'ed in NZ.


https://www.nzherald.co.nz/business/news/ar...jectid=12281515

QUOTE
Newsroom reported on Friday that an official announcement was expected within weeks, possibly as soon as this weekend at the East Asia Summit.

Gains expected from the upgrade are expected to benefit exporters of wood and paper products, with New Zealand exporters offered tariff elimination on a range of wood products and tariff parity with other countries on others.




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What did Uncle Mel do to us?
 
plastic
post Posted: Oct 31 2019, 08:00 AM
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Despite the rhetoric of Arborgen being the main game and complete focus of the management team and how there is now no difference between parent and child the fact that they haven't amalgamated the two tells us, especially after such a lengthy period of time, that there is no real intention of doing so. The part we would all like to know is why. Junior may be a great ventriloquist's dummy but as we all know, you just can't fool all of the people all of the time.
So whats this guy's game when Dad owns the majority of the company and Hughie and Luke have gone already?

MBO or use it as a vehicle for a new company with simultaneous spin off and IPO of Arborgen is about all I can see.

If they don't address the issue of the second Tenon payment and the reason why its delayed for so long in the interim then we know they're trying to pull the wool over everyone's eyes. That they didn't in the last update rings alarm bells.



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What did Uncle Mel do to us?
 
 


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