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  • Agribusiness firm to raise $400m for prawn farms | Business Spectator
    farms and a processing plant Seafarm also owns a hatchery at Flying Fish Point in far north Queensland Prawns are grown in salt water ponds and are fed on a diet of fish oil fish meat and plant proteins like soy beans It takes farm prawns four to six months before they can be harvested Bell says Seafarm was purchased from multimillionaire Ervin Vidor s Toga Group Kidder Williams Ltd advised Toga Group and law firm Corrs Chambers Westgarth acted as advisers to Western Australian Resources Print this page More from Brett Cole 13 Jan Singh behind key KKR deal 13 Jan Financial Index to buy Centric Wealth for 130m 10 Jan Saputo pushes for Bega s Warrnambool stake 10 Jan Saputo tipped to extend Warrnambool offer 09 Jan Saputo s Warrnambool stake now 20 per cent Related articles 13 Jan Telstra confirms sale of Sensis stake 13 Jan Saputo lifts WCB stake 13 Jan Glencore copper sale has ASX firms on alert 13 Jan DataRoom AM Sensis slice 13 Jan Telstra may sell Sensis for 3bn More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Don Gilbert Sat 2013 12 21 07 49 Why foreign don t we have money in the country Do we want to keep exporting cash flows Make sure the Business Model is sound and it is not another Giant Ponzi like Forestry Tunnels etc Don Gilbert Sat 2013 12 21 07 49 Why foreign don t we have money in the country Do we want to keep exporting cash flows Make sure the Business Model is sound and it is not another Giant Ponzi like Forestry Tunnels etc Ian Macallan Sat 2013 12 21 13 28 Don I agree there are agri funds in this country looking for investment but this is a hard one as aqua farming has always struggled to get funding as their is confusion over swim offs morbidity rates water borne diseases bacteria and predators weather patterns etc etc I am aware of at least two similar businesses neither prawns nor barramundi seeking about the same for a different aqua farming operation and one turns over in excess of 150m pa at 60 margin They can t get funding for expansion either as the financiers over emphasise risk and yet they the business has a current market they already supply that wants to gear up and buy their entire annual production monthly This WA prawn operation will end up in either Chinese Malaysian Singapore or Indonesian hands if no one steps up I don t mind the foreign portfolio investment approach by the way but not outright loss of ownership and control macallan bigpond net au 0419 504 255 R Ambrose Raven Sun 2013 12 22 13 56 In discussions of Asia s agricultural opportunities and such things generally a phrase like

    Original URL path: http://www.businessspectator.com.au/news/2013/12/20/dataroom/agribusiness-firm-raise-400m-prawn-farms (2014-01-13)
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  • WCB flags two-fold increase in H1 earnings | Business Spectator
    But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu WCB flags two fold increase in H1 earnings 20 Dec 2013 2 02 PM Industries Agribusiness Takeover dairy target Warrnambool Cheese Butter expects first half 2013 EBITDA to increase 100 on improved market conditions You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter Warrnambool Cheese Butter Factory Holdings Ltd expects to double its half year earnings in fiscal 2014 citing improved market conditions and strategic focus In a statement to the Australian Securities Exchange the Victorian dairy company said it expected earnings before interest tax depreciation and amortisation of 29 3 million in the six months to December 31 a 100 per cent increase on the previous corresponding period WCB said improved market conditions experienced in the final quarter of fiscal 2013 had continued into the 2014 financial year Strong international demand for dairy produce a lower exchange rate and continued focus on strategic improvements had contributed to the group s upgraded earnings outlook it said Overall earnings expectations are in line with the guidance for the full 2014 year we gave the market in October allowing for further anticipated movements in commodity and milk pricing said WCB chairman Terry Richardson On October 2 the group flagged improved EBITDA for the full 2014 financial year of between 47 million and 52 million Mr Richardson said the improved guidance was likely to be reflected in the January milk price review WCB expects to release its interim results on February

    Original URL path: http://www.businessspectator.com.au/news/2013/12/20/agribusiness/wcb-flags-two-fold-increase-h1-earnings (2014-01-13)
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  • Elders says past year the worst | Business Spectator
    is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Elders says past year the worst 20 Dec 2013 12 31 AM Industries Agribusiness Agribusiness admits 2013 performance is unsustainable You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP By its own admission 2013 has been a horrible year for agribusiness Elders Chairman Mark Allison said the group s result in the year to September a statutory loss of 505 2 million and an underlying loss of 63 million were the worst that Elders had ever reported As is clear from the 2013 annual report Elders has not performed as it should he told shareholders at the company s annual general meeting in Adelaide While I have received encouragement from clients who express their appreciation and satisfaction with the service and advice they receive from Elders the company s financial performance is unsustainable Elders was hit by costs from its restructure dry weather that affected the sales of agricultural goods and livestock and accounting discrepancies in its live cattle export operations Mr Allison said the restructuring of Elders into a company focussed purely on agriculture was almost complete and it was time to focus on its operational performance Elders would start by getting its core domestic business right he said The sale of its forestry assets and the Futuris automotive interiors business was almost complete meaning that from March 2014 the cash generated by the rural services operations would not be required to help fund other businesses Elders was also working to reduce the capital intensity of the remaining agribusiness operations Mr Allison said We will maintain our presence and activity but with a model more closely aligned to the traditional role of intermediary between producer and buyer performed by Elders and less of the higher risk principal involvement he said Elders had begun its

    Original URL path: http://www.businessspectator.com.au/news/2013/12/20/agribusiness/elders-says-past-year-worst (2014-01-13)
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  • Elders to cut executive pay | Business Spectator
    the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Elders to cut executive pay 19 Dec 2013 11 20 AM Updated 19 Dec 2013 12 50 PM Industries Agribusiness Struggling rural services firm to add two new directors earnings improve You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter Elders Ltd will has gained shareholder approval to reduce the remuneration pool for its board after a rough 2013 dogged by slumping profits and revelations of employee accounting misconduct At the group s annual general meeting chairman Mark Allison said a replacement for Malcolm Jackman who stepped down as chief executive last month was expected to be announced by the end of March 2014 Mr Allison also said Elders was recruiting for two non executive directors to add to the board s current two non executive directors and non executive chairman The expansion in directorship would better enable the board to address the key issues of safety operational performance and capital performance Mr Allison said More particularly we are seeking to add to the depth of financial management and agribusiness experience on the board he said However Elders shareholders overwhelmingly approved a reduction in the board s remuneration pool from the current level of 1 8 million which had been set at the group s 2006 AGM when the board consisted of nine directors Improved earnings hopeful on restructure Mr Allison was candid about the poorest full year results Elders had ever reported but said the company s continuing restructure towards a pure play agribusiness and resulting debt reduction meant the goalposts for capital management had moved somewhat in 2014 The chairman was optimistic on trading in the year ahead after higher livestock volumes and sheep prices boosted earnings compared to the previous corresponding period However Mr Allison said it was too early to make a call on projected earnings for the coming year given the impacts of seasonal weather volatility on the sector Mr Allison said the benefits of the company s restructure would continue throughout 2014 as it focused on cost and capital returns For the first time in many

    Original URL path: http://www.businessspectator.com.au/news/2013/12/19/agribusiness/elders-cut-executive-pay (2014-01-13)
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  • Bega eyes fresh targets | Business Spectator
    Mr Irvin said Bega had not decided its next move The offer was always going to close on Friday Mr Irvin said We have always said we will run the process we will put our best foot forward in terms of the offer and the offer was always about bringing the business together and creating value for both shareholders and suppliers Bega was the first party to bid for WCB offering about 370 million in September before Canada s Saputo and Murray Goulburn entered the race and pushed the price as high as 538 million But Mr Irvin said there came a point where the offer had run its course Bega s offer of 1 5 shares and 2 cash is valued at 8 63 Mr Irvin said the company would consider its options regarding its 18 per cent strategic stake in WCB Lion which has a 10 per cent holding in WCB was also believed to be undecided as to who it would support Shares in Bega closed 1 6 per cent higher at 4 42 yesterday Mr Irvin defended the takeover attempt saying a move for WCB was logical given the growth expected in the global dairy industry That was our argument he said We believe our argument has merits and we are obviously disappointed that it didn t get the support of the WCB board Asked if he would look at Lion s 1 billion Australian dairy business which owns the Dairy Farmers brand as an acquisition opportunity Mr Irvin said he would look at any business but denied any talks had been held between the two groups We have got plenty of opportunities in the business internal and external he said We are not saying if we didn t get WCB we would need to do something else there may be other opportunities we will look at over time Meanwhile dairy co op Murray Goulburn urged shareholders in WCB not to accept a rival offer from Saputo after the Canadian dairy giant was forced to raise its offer by the Takeovers Panel on Tuesday We urge WCB shareholders not to rush their decision to sell their shares Murray Goulburn managing director Gary Helou said Saputo has offered 9 per share for the target or 9 20 if it secures more than 50 per cent of the company However on Tuesday Saputo said that should its holding reach 75 per cent shareholders would receive 9 40 and 9 60 at 90 per cent It said the offer was final The move places further pressure on Murray Goulburn to boost its highly conditional 9 50 per share offer which is subject to approval from the competition regulator and acceptances of 50 per cent Murray Goulburn holds a 17 3 per cent interest in the target slightly more than Saputo s 16 9 per cent Mr Helou said WCB shareholders should wait to see whether its bid was approved by the Australian Competition Tribunal so that its offer could

    Original URL path: http://www.businessspectator.com.au/news/2013/12/19/mergers-acquisitions/bega-eyes-fresh-targets (2014-01-13)
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  • Agribusiness | Business Spectator
    Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Agribusiness Bega may sell WCB stake to Saputo The dairy company stands to gain significantly by offloading its stake in the takeover target Other bidders may follow sparking a ramp up in M A activity in the sector by Brett Cole 11 07am December 18 1 comment Ruralco flags 25m equity raising Group plans placement to expand geographic presence pursue acquisitions 10 59am December 17 Watkins attacks Hockey on GrainCorp Outgoing boss says Graincorp faces tough competition 5 09am December 14 8 comments Wellard shipping assets draw strong interest The livestock export giant s shipping division based in Singapore has attracted buyers from Brazil and Saudi Arabia by Amanda Saunders 11 51am December 13 Takeovers Panel to rule on Saputo Decision expected today on whether dairy group needs to raise bid by Sue Neales The Australian 1 14am December 13 Livestock giant Wellard mulls sale options The Perth based conglomerate is evaluating a partial sale or restructure after it swung to loss by Amanda Saunders 12 03am December 13 ACCC mulls GrainCorp port regulation Competition watchdog seeks views on whether red tape should be reduced 9 41am December 12 Bega extends offer period for WCB Offer now available until Dec 20 no sign of victor in heated race 11 42pm December 11 Takeovers Panel to order Saputo to raise its bid The Canadian dairy producer will have to increase its Warrnambool bid to 9 56 a share by Brett Cole 6 21pm December 11 1 comment Lion rules out selling dairy operations Lion says it has no plans to sell the National Foods dairy processing business as it renews commitment to the sector by Blair Speedy The Australian 3 05pm December 09 Fonterra opens up recovers in China New Zealand dairy giant sales nearly back to pre botulism scare levels 11 38am December 09 Rumours persist of 1bn Lion dairy sale Japanese owned group the latest to face dairy takeover speculation by Bridget Carter The Australian 2 05am December 09 1 comment Prepare for a wave of Chinese private investment A new era of Chinese investment in Australia is upon us and this time it s not driven by large state owned enterprises but by more nimble Chinese private interests by Peter Cai 10 51am December 06 15 comments Nufarm warns of challenging conditions Agricultural chemicals and seeds supplier says summer crop likely below average 2 43pm December 05 Abbott defends GrainCorp decision Oppn continues attack over decision to block grains takeover 11 27pm December 04 1 comment ADM s voting power in GrainCorp falls Blocked suitor sees voting power in GrainCorp decline a

    Original URL path: http://www.businessspectator.com.au/industries/agribusiness?page=1 (2014-01-13)
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  • Agribusiness | Business Spectator
    Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Agribusiness Qld mulls massive farm project State govt calls for comment on proposed 325 000 hectare project 10 57pm January 12 1 comment Saputo increases WCB stake again Canadian suitor increases holding to above 21 as it confirms extension of takeover offer for dairy producer 4 20pm January 10 1 comment Saputo pushes for Bega s Warrnambool stake The Canadian dairy company is lobbying Bega in an effort to win its 19 per cent stake in Warrnambool by Brett Cole 12 05pm January 10 1 comment Hedge funds key to WCB fight Saputo looking beyond Bega and Lion for Warrnambool takeover support by Rebecca Urban The Australian 1 08am January 10 1 comment Saputo tipped to extend Warrnambool offer The Canadian company risks regulatory ire as it is yet to inform Warrnambool shareholders of a planned extension a day before the current offer expires by Brett Cole 12 00am January 10 6 comments WCB merger claims disputed Murray Goulburn public benefit claims have been dismissed by rivals by Rebecca Urban The Australian 1 21am January 09 1 comment Dairy sector takes the cream in a Murray Goulburn bid Murray Goulburn s synergies and co operative structure could channel incentives to expand production back to farmer suppliers Its bid could be a boon for the dairy sector by Stephen Bartholomeusz 2 46pm January 08 8 comments Political twist to stir dairy battle State and federal govts called to comment on Warrnambool takeover by Blair Speedy The Australian 6 23am January 08 1 comment United Dairy seeks to sell a stake The country s biggest privately owned milk supplier wants to sell a stake to an Australian investor by Brett Cole 2 00pm January 06 4 comments CBH warns on food bowl report Grain exporter s chief says we have to earn profits from Asian food boom 2 33am January 06 2 comments Saputo may extend Warrnambool deadline The Canadian dairy giant will resume talks with key Warrnambool shareholders as it debates whether to close its takeover offer Friday by Brett Cole 12 02am January 06 1 comment Potential bidders for Gunns get more time font color red DataRoom font Deadline for expressions of interest in bankrupt timber company extended assets valued at 795 9m by Brett Cole 8 41am January 02 1 comment Chinese buyers circle United Dairy Power Bright Food Group may be leading contender to acquire privately owned Victorian milk supplier by Brett Cole 4 05pm December 27 16 comments Saputo lifts Warrnambool stake Canadian suitor s stake now trumps Murray Goulburn s subject to withdrawal rights 2 13pm December 24 4 comments

    Original URL path: http://www.businessspectator.com.au/industries/agribusiness?destination=taxonomy/term/2993 (2014-01-13)
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  • SA to meet social cost of Holden closure | Business Spectator
    mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu SA to meet social cost of Holden closure 8 Jan 5 47 PM Industries Automotive State govt looks to develop strategy to help workers facing job losses You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP The South Australian government will provide money to help welfare organisations cope with the social impact of Holden s decision to close its local vehicle operations Premier Jay Weatherill says it is imperative early action is taken to ensure issues associated with Holden s decision to stop production by the end of 2017 do not create more problems in Adelaide s northern suburbs The premier met with welfare groups on Wednesday to develop a strategy to help Holden workers who will lose their jobs along with their families and workers in other companies and industries that might be affected That strategy will address the need for work experience and training as well as financial and psychological counselling The uncertainty created from a loss of a job can have people turning to gambling to violence in the home to drug and alcohol abuse Mr Weatherill said on Wednesday The service industry response can depend on how quickly we intervene and give people hope and security about their future There s no doubt there will have to be a very significant contribution from the state government Anglicare SA chief executive Peter Sandeman said it was important for manufacturing industry workers to understand the community service sector was working together to support them That community needs to know that South Australia is behind them he said The silver lining

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/automotive/sa-meet-social-cost-holden-closure (2014-01-13)
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