BPC - Burns Philp and Company
- Thread starter chicken
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Re: Burns philp....BPC
BPC's looking good to me too. It seems like pressures building to go up because its been in a tight range.
Maybe there's an announcement coming.
BPC's looking good to me too. It seems like pressures building to go up because its been in a tight range.
Maybe there's an announcement coming.
Re: Burns philp....BPC
anyone care to speculate further as to whether to buy/hold/accumulate more? purely speculation and wont be taken as advice of course
anyone? chicken?
i do have a substantial holding in it, and am genuinely interested to hear people's opinions.
T
anyone care to speculate further as to whether to buy/hold/accumulate more? purely speculation and wont be taken as advice of course
anyone? chicken?
i do have a substantial holding in it, and am genuinely interested to hear people's opinions.
T
Re: Burns philp....BPC
Taurus....I am afraid I am in the same boat..I am waiting for the announcements which look at their calender..I am not selling because its to close to their reporting date and knowing MR.Hart....it will be good so hang in there to at least the reports thats what I am doing now...could have made money faster elswere but just have to wait it will be not for long.....because one never knows what Mr.HART will do...he plays his cards close to his chest...taurus said:anyone care to speculate further as to whether to buy/hold/accumulate more? purely speculation and wont be taken as advice of course
anyone? chicken?
i do have a substantial holding in it, and am genuinely interested to hear people's opinions.
T
Re: Burns philp....BPC
Just found an article that Mr.Hart sold his dairy assets to Fonterra and they are so happy to have the ANCHOR brand back....looks like Mr.Hart will have $775million $$$ in his account to spend....very soon we might see BPC benefit as Mr.Hart will expand the company...he is still a young person of about in his 40 I think 47 but dont quote me as I am not a 100% surechicken said:
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- 11 October 2004
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Re: Burns philp....BPC
Man, that line made me laugh...does that mean that you were 100% sure about everything else that you posted??
I hold BPC and have since I bought at 52c a while back.
chicken said:
Man, that line made me laugh...does that mean that you were 100% sure about everything else that you posted??
I hold BPC and have since I bought at 52c a while back.
Re: Burns philp....BPC
I read this in the NZ herald business section....MR HART is in his 40th or middle 40th year..I have not asked for his age..but the rest I posted is a 100% correct....as far as Fonterra in NZ..yes the sale will go through as the ANCHOR brand is one of the best known brands around...asked anny POM and they all eaten NZ butter in britain....also Fonterra had to divest as it had something todo with the business in NZ...but now can have it back..MR.HART only made about $550 million on the deal...he is just tiny....after all he started in the 1980 with $30k...and now worth only over $1 billion plus $$...same as Eric Watson his best friend....so I just admire an astute person like Mr HART...not bad for a person who started his job as a panelbeater...qualiefied as Accountant learnt printing...and now the big chief of BURNS PHILPFleeta said:
Re: Burns philp....BPC
Read what was posted..share valuation is 89 cents....so you talk about a price drop..well I say price will rise as their profits are going to be better than the market expected.....we know Mr G.Hart owns 53% of the company post us something of intrest than what the brokers say...skin said:
Re: Burns philp....BPC
I just checked the NZ business section of www.stuff.co.nz and yes he sold but at the same time retained his holding and he will develop the dairy products anyway read it if you are intrested....he is a great deal maker...may even put it into Bpc....something will give and Mr Hart seems allways intrested to help or asisst the shareholder....
I just checked the NZ business section of www.stuff.co.nz and yes he sold but at the same time retained his holding and he will develop the dairy products anyway read it if you are intrested....he is a great deal maker...may even put it into Bpc....something will give and Mr Hart seems allways intrested to help or asisst the shareholder....
Re: Burns philp....BPC
It's a very good read for those following...you can find the article here
Found this today (July Bloomberg article)..
Graeme Hart, the chairman of Burns Philp & Co., is worth an estimated NZ$2 billion. Burns Philp is Asia's biggest baking company. Owen Glenn, chairman of container shipping company OTS Logistics Group, was next with NZ$1.4 billion.
...someone's good for a loan
chicken said:
It's a very good read for those following...you can find the article here
Found this today (July Bloomberg article)..
Graeme Hart, the chairman of Burns Philp & Co., is worth an estimated NZ$2 billion. Burns Philp is Asia's biggest baking company. Owen Glenn, chairman of container shipping company OTS Logistics Group, was next with NZ$1.4 billion.
...someone's good for a loan
Re: Burns philp....BPC
Found an article in the financial news It says taking stock.... Credit Suisse First Boston has upgraded its call from neutral to OUTPERFORM after the shares lagged the benchmark S&P/ASX200 index. Since July 11 the shares have shed 1.6% while the index has risen 5.1% CSFBs 12 months total projected returns for BURNS Philp is 17.3%.taurus said:It's a very good read for those following...you can find the article here
Found this today (July Bloomberg article)..
Graeme Hart, the chairman of Burns Philp & Co., is worth an estimated NZ$2 billion. Burns Philp is Asia's biggest baking company. Owen Glenn, chairman of container shipping company OTS Logistics Group, was next with NZ$1.4 billion.
...someone's good for a loan
Re: Burns philp....BPC
Thanks for that update chicken, at least CSFB have a positive outlook. I'll need to do some more digging/get an AFR subscription lol!
Found a great Graeme Hart article yesterday, which is worth a look. Particularly for the anti-Hart bandwagon
Click me
Thanks for that update chicken, at least CSFB have a positive outlook. I'll need to do some more digging/get an AFR subscription lol!
Found a great Graeme Hart article yesterday, which is worth a look. Particularly for the anti-Hart bandwagon
Click me
Re: Burns philp....BPC
You got that wrong there is no anti HART bandwagon...Mr Gaynor is a very reputable Finance journalist highly respected I may add...as far as buying Carter Holt...re read what Mr Gaynor said...Mr Hart is an Accountant his degree is a Otago University degree and he knows that his purchase is half price what it should be there are a hugh amount of assets there as Carter Holt the management like Goodman Fielder when he took over needed a complete overhaul..as I know Mr Hart he is the right man to shake these managers out of their dream world after all he proved it with Goodman Fielders....when he got rid of all the deadwood who been protecting their corner for too many years I think he saved $100 to $150 million every year on expenses...and the company is running better now than before..in reference to BPC...no he does not need to sell his SHARES down,,...the Bankers love him and he can get all the $$$ he wants...one of the induviduals who truely can walk on water...as far as results I understand early September for BPC....taurus said:Thanks for that update chicken, at least CSFB have a positive outlook. I'll need to do some more digging/get an AFR subscription lol!
Found a great Graeme Hart article yesterday, which is worth a look. Particularly for the anti-Hart bandwagon
Click me
Re: Burns philp....BPC
Chicken, my comment re: the bandwagon was a tad ambiguous, for which I apologise....I meant in regards to investors who have a lack of faith in Graeme Hart, it would be great for them to read it - with an open mind of course. Personally I have no reason to doubt him, & think he's doing a fantastic job. That article just made me go "he really does walk on water". Midas touch
*edit*
Would you envisage a corporate shakedown & sell-off, or a longer-term strategy from Hart. Any advantages?
Cheers,
T
Chicken, my comment re: the bandwagon was a tad ambiguous, for which I apologise....I meant in regards to investors who have a lack of faith in Graeme Hart, it would be great for them to read it - with an open mind of course. Personally I have no reason to doubt him, & think he's doing a fantastic job. That article just made me go
"he really does walk on water". Midas touch *edit*
Would you envisage a corporate shakedown & sell-off, or a longer-term strategy from Hart. Any advantages?
Cheers,
T
Re: Burns philp....BPC
No, after all he likes his power base and he is only 49 years old...he is not a person who likes to be on permanent holiday...he is a workaholic...so I feel he will make Burns Philp into a global food company..I noticed when I was in Singapore 4 weeks ago Uncle Tobys products were on the local Supermarket shelf.....just my observation...if he sold Purns Philp....at least $1.50 he would want for his shares or controlling stake....so at this time I cant see him sell....Mr Hart is a hard businssman after all he learned panelbeating..and Carter Holt will be the next vitim for him to panelbeat it back into shape...and he is good in what he does...he shakes businesses out of their complacancy and brings them back to health.....The Bankers love him...after all he is qualiefied Accountant to the Dunedin Otago University.....and he thinks up all his moves before he bounces...look how he bought Goodman Fielder...no due diligence..he figured it out all by himself....and I suppose his computer.
taurus said:Chicken, my comment re: the bandwagon was a tad ambiguous, for which I apologise....I meant in regards to investors who have a lack of faith in Graeme Hart, it would be great for them to read it - with an open mind of course. Personally I have no reason to doubt him, & think he's doing a fantastic job. That article just made me go
*edit*
Would you envisage a corporate shakedown & sell-off, or a longer-term strategy from Hart. Any advantages?
No, after all he likes his power base and he is only 49 years old...he is not a person who likes to be on permanent holiday...he is a workaholic...so I feel he will make Burns Philp into a global food company..I noticed when I was in Singapore 4 weeks ago Uncle Tobys products were on the local Supermarket shelf.....just my observation...if he sold Purns Philp....at least $1.50 he would want for his shares or controlling stake....so at this time I cant see him sell....Mr Hart is a hard businssman after all he learned panelbeating..and Carter Holt will be the next vitim for him to panelbeat it back into shape...and he is good in what he does...he shakes businesses out of their complacancy and brings them back to health.....The Bankers love him...after all he is qualiefied Accountant to the Dunedin Otago University.....and he thinks up all his moves before he bounces...look how he bought Goodman Fielder...no due diligence..he figured it out all by himself....and I suppose his computer.
CanOz
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So whats happening over at Burns Philp?...I wonder what G.Hart is up to? SP has finally broke the 1.00 mark on 9m volume. Anyone hear anything recently?
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