I think Baksa converted his g shares to d shares, i.e. from passive investor to active. Plus he joined forces with some other investors to form a voting block. LF-RB sent a letter to Z's COB, asking why executive compensation has doubled during a time that shareholders have been diluted 90% or more. It also points out that revs have been flat despite capex and acquisitions by the company, and questions why there is little to no focus on the North American market. The letter suggests that LF-RB should be allowed to bring in food industry experienced management at competitive salaries.
The letter is in the filing, interesting read, but nothing new to fans of this mb.
These guys and Sabby each own about a million shares, but Sabby is still passive.
Strong BRL hurts Brazil domestically, they are an exporting economy. Strong BRL will help Irgovel if the farmers can't export as much and the bran stays in Brazil.
US hedge funds are panic buying the BVSP and anything Brazil, (with total disregard to fundamentals) so likely RBT is getting caught up on the good side of the wave, for a change.
Companies are only worth so many times cash flow plus the present value of future earnings. Is Irgovel even worth enough to pay off the debt and the partners? Seems like Alothon has JS right where he wants them.
ADM is selling off their Brazil ethanol refinery, saying they don't see any visibility in Brazil's economy.
On the BRL, it is being short squeezed, but GS thinks it could weaken again in the second half of the year. Looks like it helps the Q1 translation.
One true part in the CC at least was about the explosive growth in the wellness and natural foods sector. It's happening right in Z's wheelhouse and all Z has to do is not screw it up.
Have some kale and rice bran chips with turmeric sprinkled on them. Healthy junk food is the new normal. Of course with how RBT does things, it might take 5 years of bench testing before they can ship eight bags of chips to one customer.
Growth? You mean endless capex and dilution with zero new sales to show for it. How is that even possible, that they could build/acquire so much new capacity and not sell any more product. The NASD up listing has been meaningless since they still run the show like a penny stock.
Some of the reservoirs are back past the half full mark, but many still are not. As of now California says it can deliver 30% of water allocations to farmers, and that could go higher if its a rainy spring. Last year the farmers only got 10% of their water.
I think JS is the corporate raider, he just sold off 25% of the company, probably he should give himself a raise and a bonus and celebrate. I hope Narula had anti dilutive protection or else they just got the rolled too.