Bremworth

[winner (n)]

Bremworth in BusinssDesk today. Seems to be based on discussion with Hewett

Strategic review going well, costs under control and renewed focus on increasing sales (with their rejigger sales team)

Nothing really new in article but there were a couple of 'can't say too much at this point in time'

Hewett did say "Having synthetic carpet in our tool bag will grow wool sales." Synthetics would be a "significant [part] but not the majority" of its portfolio, Hewett said.

Ironic synthetics look like they going to save the company

Good to see Bremworth getting media coverage, should help share price

https://businessdesk.co.nz/article/primary-sector/bremworth-says-costs-clipped-and-focus-now-on-sales-growth
Prob paywalled

[Left Field]

Crickey!!..... who would have thought??.....takeover offer potentially provides  $1.05 to $1.15 per share!

https://www.nzx.com/announcements/459925

Lucky holders! (not me)

[Left Field]

Thoughtful comment from Snoopy on the proposed takeover from the other channel.....

I would say it (the takeover)  ensures that all that insurance money will be siphoned off to Asia where a new wool carpet factory will be set up. Manufacturing in NZ will be closed down as the price of power and labour soars. NZ farmer suppliers of wool will kow tow to whatever price the Australasian monopoly buyer of wool carpet material, Godfry Hirst, decides to pay. And the price of wool carpet will rise dramatically with the elimination of retail supply competition. How will this deal ever pass the sniff test of NZ's Commerce Commission? Answer: It won't (not in this form at least).

[Basil]

From vague memory Godfry Hirst took over Feltex so surely this proposed takeover should raise questions in terms of market dominance with the commerce commission ? 

[winner (n)]

The Commerce Commission cleared Godfrey Hirst to acquire Feltex assets in 2006, determining it would not substantially lessen competition and would result in public benefits from rationalisation. Although the Commission was initially concerned about the consolidation of wool scouring operations, the final decision acknowledged that benefits from productivity increases and ensuring the viability of the carpet industry outweighed these concerns.

Things got a bit complicated a few years later when Godfrey Hirst acquired a couple of scouring/tufting  plants which reduced the number of such operations.

Godfrey Hirst was acquired by Mohawk in 2017/(from memory)

Commerce Commission view on this could be interesting as competition definitely lessens. Don't forget Commerce Commission didn't seem too keen on Metro Glass and Viridian merging.You should

[winner (n)]

Commerce Commission nott convinced merger a good idea

https://www.comcom.govt.nz/assets/Documents/timeline/Godfrey-Hirst-and-Bremworth-Statement-of-Issues-23-December-2025.pdf

For shareholders sake hope Balance right with his Victoria talk ........ but they'll be thinking bargain price I reckon