unless you get another weather event next year
or dare i say the same issue's as this year repeating eg labour issue's , cost inflation , fruit quality , lower pricing oversea's
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Haha you sneaky monkey
That saying is so true, I had a few of those myself!
I've always understood horticulture is risky - though my roses are flourishing right now - and did reduce at the right time so happy to HODL with 5% of the equity portfolio which is only 50% of total.
after this 27% downgrade i have 15c eps and pe of 22 at current pricing.
my expectations are this will change again next yr for the worse once fruit volume's and fruit loss are firmed up in regard's to the frost event.
only thing i dont know is will the next downgrade happen this current financial yr or will it be included in the next financial yr's forecast's at result time
Zespri's Chief Global Supply Officer is leaving - would have been a bit of a challenging gig over recent years with shipping, Covid, labour, weather, fruit quality etc...
https://www.usx.co.nz/uploads/paperc...pdf?1668398172
Since reading this post, I have done a bit of investigating, including talking directly to workers "on the ground", both kiwis and a couple of RSE workers. A couple is not a big number but some of the guys I contacted were non English speakers. Makes it a bit hard to check what's really going on but what I found out, is that generally you have a group of workers working together, with one "The Boss" being an English speaker on behalf of the Group..
My view after my little investigation is that I don't believe there is any ill intent by Seeka or any of the other bigger operators in this industry, to ill treat workers. The RSE workers come here for one reason and one reason only, to make money and work hard for it. That is exactly what they do. They don't mind double bunking when doing shift work and the more shifts they get, the happier they are. Meanhwile we have a large number of kiwis on "jobseeker" benefit in the BOP, rather than getting of their arse and doing some work.
Well I've done shift work my whole working life and there's nothing unusual about some double bunking at times and there most certainly is nothing unusual about people being asleep at a time some bureaucrats, that work a seriously limited number of hours per week, come to visit.
Maybe NZ needs to think about how restrictive we have become to many of our industries to hire and pay people a FAIR amount for what they produce and provide them with FAIR conditions of employment, including housing, because of all our completely irrelevant and stifling rules.
I come from the fishing industry where we are used to having to work hard and often in what many would call "sub-standard" conditions. But we generally don't complain and get on with it. It isn't our biggest concern.
You Jaa come from the airline industry, if I'm not mistaken (I apologise if I am wrong), where different rules and never ending Government subsidies of Billons of dollars apply around the World. Some of it to make sure you can all stay in 5* hotels.
I do agree with Iceman statement being a fruit picker in my younger days, the conditions I lived in is what we called as "substandard living" to nowadays narrative. To be honest I dont mind it a all. In fact I love it. Met a lot of good friends along the way from all over the world. Spent our night and days off talking about our experience around the world and it was probably one of the best time of my life. Workers are happy and all of us get along pretty well. Then again I can not say about other places but hope it helps to bring a new perspective.