Forum Archive Index - March 2001

[Derek <dkw@paradise.net.nz>]

Thanks Tony,

Doesn't sound that bad really, the arguments with the other would-be apple
exporters were pretty public and I wouldn't have thought that statement
this would have had such a large effect on the Enza share price. (Although
before GPG came along Enza was trading at current levels.)

For the record I've underlined the bits I find _promising_.

Rgds,
Derek

Enza:

_So far_, less than satisfactory.  

_Prior_ to the appointment of the new Board, the company was in a worse
position than previously known, with possible severe repercussions for New
Zealand apple and pear growers. 

_GPG has contributed_ a disproportionate level of input relative to the
absolute size of our investment (18% of the capital with a book value of
1.8 million) but which we accept, within reason, as our _contribution to
the rescue_ of an important national industry. 

_Enza can become_ a large (Year 2000 sales of NZ$800 million) and
successful organisation if industry politics embrace a greater sense of
unity and commercial logic.



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