Just listening into the shareholder update.
The slides are here:
https://www.nzx.com/announcements/400924
Admittedly - I don't think that anybody is watching for the presentation skills of the chair, and the (already published) numbers are not that inspirational either. After a list of reasons for the not that flash HY results (and yes, operating with only 75% of the needed staff is not fun ... and the bad weather events didn't help either) and a summary of these results he goes over to ESG. Hmmm.
Ah yes - board still thinking about a final dividend, but he didn't sounded that optimistic (referring to the frost event).
The CEO who followed is at least somewhat better to listen to. Explaining the RSA workers situation ... tough to accommodate 90 people on Sunday if Friday is the first time you hear they are coming. However, all people accommodated according to standards and with approval of the Labour department
Fruit quality issues seem to come down to doing too much with not enough people.
One positiv thing: They are supplying Costco in Auckland.
So - how does the future look?
Some of the losses this year probably covered by insurance claim
Operational improvements ...
Worker availability should be better with open(er) borders again
CEO is talking a lot about automation, and yes, they recently received some cool picking, grading, packing and stacking machines.
Trying some new fruit ... kiwiberry having outstanding results.
What can I say?
If there are next year less handbrakes (and yes, some clearly should be removed) they probably do better.
Hopefully the automation can help as well.
Am I inspired? - Not really, but hey this is a fruit packing business.