yes same. definitely a change in this regard today
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This might be over-simplifying, but if a rebuild is fully paid for by insurance, and no rebuild=no payout, then perhaps the decision is easy?
We are both correct in our own ways. This from the AGM speech:
Quote:
The larger claim relates to the material damage to the Napier plant, building andstock on hand. As you can see, and as advised in our Annual Report, we are insuredfor up to $49.4m for the building, $116.1m for the plant and $3.8m for stock on hand.These values insured for plant and building were arrived at in conjunction withindependent consulting engineers. The values for the building and plant are basedon reinstatement cost – that is, if we elect to reinstate our Napier site, we can claimour costs of doing so up to these amounts. At this stage we are still in discussionswith our insurers as to what work would be undertaken in reinstatement and at whatcost.
If we elect not to reinstate the Napier site, we still have a claim for the damage to thebuildings and plant but the amount we can claim is yet to be determined. As we havepreviously advised, it is impracticable to estimate an amount because of the extent ofestimation uncertainty around the amounts that would be receivable.
Jeez just noticed share price down to 45 cents ..that’s quite a fall from 64 cents a monthbago
Hope it’s a jolly good webcast on Thursday
Today's presentation.
http://nzx-prod-s7fsd7f98s.s3-websit...544/414388.pdf
The ins & outs of growing things seem to be an ongoing issue, no matter how it's dressed up.
Will "Pull together a Rug" work out or will it turn into Pull the Rug out from Under, if it doesn't ?
Maybe Joe Public just aren't into & who knows may not be tomorrow, next year or ever into
the Woolly things this outfit goes to great lengths to spit out in the hope ? :)
This outfit have a long track record, with good part of it spiralling downwards, followed
by an equally long track record of feel good propaganda on how the most recent downwards
squiggles are intended to be arrested in their tracks and rapidly heaved northwards.
Yet to really be seen isn't it .. and the brave continue hoping the strategies deliver something ;)
Maybe next year, maybe the year after .. maybe in 5 years time or maybe there is an eager buyer
out there waiting to pick up the can and put the whole painful process of having to explain why
it didn't happen, isn't expected to etc under private wraps and out of sight ;)
Losing share to Godfrey Hirst been going on for years but first time they’ve admitted it …yeah I know it’s a capacity issue but……
Wool carpet maker4 Bremworth says flooring giant Godfrey Hirst has eaten into its market share as it struggles to meet demand after damage to its Napier yarn plant from Cyclone Gabrielle.
https://www.rnz.co.nz/news/business/...hares-ceo-says