Stuff
www.stuff.co.nz
another operation sold, great time to get out gotta wonder whether the buyers have been sucked into the hype. Time will tell I guess .
Manuka honey company sold for $36m
- Thread starter frazzledfozzle
- Start date
www.stuff.co.nz
another operation sold, great time to get out gotta wonder whether the buyers have been sucked into the hype. Time will tell I guess .
That's wild. Guess Jarvis will finally be able to afford a SkyTV subscription now though 😂
Looks like Jarvis has done well. Seems the company generated a lot of money while he ownd it, and he has now sold it for a very excellent price indeed.
Never heard of the guy before, but just shows, a total novice can start a bee business and do OK. He must be one of the most successful corporates out there
Never heard of the guy before, but just shows, a total novice can start a bee business and do OK. He must be one of the most successful corporates out there
EBIT looks good. Plenty of stock. 18,000 hives. The brands are probably worth nothing but overall the price seams fair to low.
You know the old maxim, past performance is no indicator of future performance.
Especially in the bee business of late
At a selling price around two thousand dollars per hive I suspect that 1. The seller did OK, and 2. Being in the business and clearly a guy with some business savvy, he was able to see the signs and know when it's time to get out.
Especially in the bee business of late
At a selling price around two thousand dollars per hive I suspect that 1. The seller did OK, and 2. Being in the business and clearly a guy with some business savvy, he was able to see the signs and know when it's time to get out.
Or the buyer understands the global longterm opportunity and sees value in getting in?You know the old maxim, past performance is no indicator of future performance.
Especially in the bee business of late
At a selling price around two thousand dollars per hive I suspect that 1. The seller did OK, and 2. Being in the business and clearly a guy with some business savvy, he was able to see the signs and know when it's time to get out.
will the answer change the opinion offered?
"we see things not as they are but as we are."
Good answer Mummzie and I agree with the sentiment behind your post.
However, bottom line, when considering an opinion, me, I also consider the source of the opinion.
In this case the poster could be a beekeeper, could be a packer, could be the purchaser of the business, could be the seller, could be who knows? Each of those will come from a different place and have a different perspective and bias.
Like someone said, "every viewpoint, is a view from a point".
However, bottom line, when considering an opinion, me, I also consider the source of the opinion.
In this case the poster could be a beekeeper, could be a packer, could be the purchaser of the business, could be the seller, could be who knows? Each of those will come from a different place and have a different perspective and bias.
Like someone said, "every viewpoint, is a view from a point".
I think I have worked out who this person is. If I have worked it out, you are looking at over 120 years of experience in every aspect of the NZ beekeeping industry.
Yes I would say that's who Maggie thinks it is.
If it is PB, never short of an opinion
Highly intelligent guy though, although it was almost 50 years ago I last saw him in person, but very like his Dad, practical and smart, I have followed him remotely down the years.
But frankly, I don't see him taking on this venture at this time.
If it is PB, never short of an opinion
Highly intelligent guy though, although it was almost 50 years ago I last saw him in person, but very like his Dad, practical and smart, I have followed him remotely down the years.
But frankly, I don't see him taking on this venture at this time.
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Hmmm ..... I see longterm opportunity but don't fancy climbing in ...... but probably should.
The market is bottoming out, confidence is low, the bubble has run out of steam.
Needs a lot of hot air to inflate again .... probably needs a Gvt reshuffle to tweak the standard to align crop with North Cape, Taranaki and the East Cape so that it complies with out blending to ensure the producermakes a return on his investment.
`I would suggest it might be a job for my young fellah .....
Hold the faith young man.
I the meantime ..... I am happy hibernating...... rising like a slothfull bear in the mid morning after a night on the homebrew, and snoozing again in the warmth of the late afternoon, awaiting for the sun to rise above the mid way zenith before I climb up into that saddle of those five hundred horses and feel the thrill of the rush as they as they pull on the hills of the Divide.
Perhaps a change of vocation might be called for....Fonterra tankers are all 750 HP !
Me Today which has been making losses, has been languishing along at around 8 cents a share. It has now jumped to around 10 cents a share, probably on the back of purchasing something that has actually been making a profit.
However, thinly traded penny dreadfuls like this do have considerable volatility in percentage terms.
In my view, based on the new management, the current situation in the NZ honey market, and the price paid for the business, the new owners will have their work cut out attempting to get a reasonable return.
Will be interesting to see how it plays out over the next several years.
About as much as Jarvis. Me Today also have more brand building expertise. There are some strong fundamentals and synergy with this acquisition.
Jarvis is a smart operator who already knew how to run a profitable business. Smart guys with insider knowledge also know when it's the right time to sell, and, how to jack the price. In this particular deal he certainly covered his bases every which way.
Me Today, well, let's just say they are running at a loss, and leave it there.
One thing in their favour, being in the "health and wellness" business, they may have inroads into that type of customer base, who will pay over the market for manuka honey.
Me Today, well, let's just say they are running at a loss, and leave it there.
One thing in their favour, being in the "health and wellness" business, they may have inroads into that type of customer base, who will pay over the market for manuka honey.