Guinness Peat Share Discussion Threads

[nod] 12/10/2004 10:07

Turners & Growers lists at $3.20
29 September 2004

Shares in fruit and vegetable seller Turners and Growers listed on the NZX main board today at $3.20 and quickly lifted to $3.25.

The stock had previously traded on the unlisted market where it last traded at $3.10.

At $3.10, T&G would have a market capitalisation of about $220 million and putting it among the top 50 listed firms.

No new shares were issued in the listing as no new capital was raised and brokers said there was a lack of liquidity in the stock. Sir Ron Brierley's investment vehicle, Guinness Peat Group (GPG), owns a 78.3 per cent stake and another 10 per cent is held by banana company Bonita.

Most of the rest of the stock was controlled by about 1000 fruit and vegetable growers.

ABN Amro Craigs broker Nigel Scott said there was no shortage of investor interest in the company, which dominates the domestic fruit and vegetable market, handling more than 200 million kilograms of produce a year.

Some brokers expect its lack of liquidity to limit price movement.

GPG has hinted in the past that it might sell part of its stake, but New Zealand director Tony Gibbs said yesterday it had no short-term sale plans.

[nod] 12/10/2004 10:00

GPG is a popular share in New Zealand whose market has enjoyed a strong rise over past 2 years. GPG's porfoliio rising strongly. NZ demand is pulling up GPG. Share floats imminent.

[thebarrelboy] 03/10/2004 14:59

updated - no longer follow myself tho.

[napoleon 14th] 03/10/2004 14:26

Broken out of the long term uptrend of the last 3 years.

Looking good............

[nod] 16/4/2004 12:01

Your investment will never be simple or dull if you hold GPG... :))

LONDON (AFX) - Guinness Peat Group PLC said it has made a conditional offer
to purchase the remaining shares in unit Coats Group Ltd that it does not
already own, or around a 35.4 pct stake.

[nod] 06/3/2004 01:23

GPG hold 10% of NMS - which has risen 50% since they bought. Another couple of million profit for no effort :)

[nod] 02/3/2004 19:07

Great results today. Significant profit growth.
GPG are clearly very excited about the potential profits from Coats.
Dawson is a basket case but small % of GPG and previously written down to zero.
GPG shares don't go up exponentially, but they just keep climbing.

[nod] 15/12/2003 19:04

I bought into GPG as they have a very interesting portfolio - quite a lot bought at bargain prices over the past few years.

[nod] 15/12/2003 18:58

GPG now own 9.98% of De Vere Group (11,396,406 shares) - interesting.

[thebarrelboy] 19/6/2003 22:08

And another 1%.

[thebarrelboy] 11/6/2003 21:13

Following further purchases they now hold about 18.5%

Full scale bid coming?

[thebarrelboy] 27/4/2003 21:33

Guinness Peat Group Plc increased its relevant interest in Solution 6
Holdings Limited on 22/04/2003, from 30,772,402 ordinary shares
(12.23%) to 33,674,872 ordinary shares (13.38

S6 are listed on the Australian Stock Market (SOH)

www.solution6.com

[rcmazan] 28/12/2002 01:19

All this has losted me !!!!

[hillbrown] 17/12/2002 15:00

gpg have merged the tax losses, which they can use, of bmu.

bmu are now DKL in their new form.

The deal involved demergers, mergers, schemes of arrangement, issues of new shares etc, etc.

The upshot is that DKL have the old BMU business less its tax losses which they could not use and GPG has the tax losses which it can use.

Very complicated but eventually neat and advantageous to all.

[rodders14] 17/12/2002 14:47

gpg up yesterday and some big trades to buy nms today, I wonder.....

[nails] 18/9/2002 12:30

Thanks - makes sense as antipated "partner" is meant to have significant tax losses... NMS fits nicely but upside limited to NAV-

[picnic] 10/9/2002 11:57

GPG to merge with New Media Spark looks like favourite, see their (nms) release. Putting one and one together and getting 2 or 3 ??

[nails] 28/8/2002 22:49

GPG are making a partial takeover offer for Rubicon in New Zealand - combination of forestry, bio-tech and CASH assets. Again any ideas who the player is in the UK GPG are talking to? Note acquisition trail in UK - National, Coats...

[nails] 01/8/2002 12:17

A quick refresh but GPG are asset-stripping play out of Singapore, Australia, UK and NZ - latest forays into UK car dealers and automobile service providers. Any comments on potential merger partner - factual rather than intuitive please????

[nails] 18/7/2002 22:22

GPG has announced it is in merger discussions with small UK listed company. Any ideas who?