MercoPress. South Atlantic News Agency
New Zealand fishing company gets burnt fingers in Argentina with hoki
The New Zealand Maori co-owned deep-sea fishing company Sealord is walking away from its disastrous hoki venture in Argentina with an estimated 60 million dollars loss, reports the NZ media. Read full article
Comments
Disclaimer & comment rulesAnother foreign investor walks away from Argentina.
Jul 22nd, 2013 - 06:53 am - Link - Report abuse 0Should have invested in the Falklands. Better yet, sail your vessels to the Falklands and sell them there. Seems to have an extremely successful and profitable fishing industry.
Does the anybody in this indigenously owned business even understand the terms ““Yuken has never performed strongly from a financial point of view, but was able to trade profitably, albeit modestly so, in the years from 2005 through to 2009 BUT NEVER GENERATED A POSITIVE CASH-FLOW,”
Jul 22nd, 2013 - 01:31 pm - Link - Report abuse 0And I bet this was disappointing:
Yuken's business operating losses totalled “16m over the last three financial years”.
But the killer:
“At the same time Argentina's economy has suffered 30% annual inflation and political and social instability.”
Something you never, never do after the preceding points:
“Yuken's losses had been funded with Sealord's cash”
You MUST as a business owner be prepared to pull the plug well before using other units cash, otherwise you risk losing everything.
I bet the Japanese were really impressed with this outfit.The Dark Country strikes again.
Well this isn't the 90s, where it was all profit and no investment.
Jul 22nd, 2013 - 04:52 pm - Link - Report abuse 0Now it's all investment and no profit.
Maybe a little unfair, but that's what happens when you take advantage of a country, maybe they will not like you too much.
Those that invest and wait things out may get really wealthy, but only in 10-20 years when perhaps a balance is struck.
But it is the capitalists fault for souring Argentina to capitalism, the 1990s was all their doing.
@3
Jul 22nd, 2013 - 05:27 pm - Link - Report abuse 0Of course it is never Argentina's fault !
How many years have Argentina been independent ?
Only 1/9 the time the UK has. It took you 7/9 of that time to “sort yourself out”.
Jul 22nd, 2013 - 05:34 pm - Link - Report abuse 0@5
Jul 22nd, 2013 - 05:46 pm - Link - Report abuse 0typically pathetic answer from our troll.
#5
Jul 22nd, 2013 - 06:19 pm - Link - Report abuse 0Argentina's independence ....1816....197 years of independence
Union of the Crowns...1603....NOT the countries of Scotland and England but the Kingship.........410 years
Union of Parliaments establishing the joining of England and Scotland into Gt. Britain..........1707.........................306 years
UK and Ireland .....................1801....as one country.....212 years
I cannot follow your arithmetic
1/9 is 197 years
9/9 is 1,773 years
The UK has been independent for 1,773 years ?
Maybe you could clarify this statement as maybe I have missed something of the “LOGIC”
England, the world knows the UK equals England. Let's get real here.
Jul 22nd, 2013 - 07:19 pm - Link - Report abuse 0So yes, when did the Romans evacuate Londinium? Around 400 AD, so that's about 1600 years of your own devices. So my math was approximately right, ever heard of “rounding”?
@3 Mr. Truth
Jul 22nd, 2013 - 11:41 pm - Link - Report abuse 0“Maybe a little unfair, but that's what happens when you take advantage of a country, ”
Would you be able to name just one time that the Argentines took advantage of a country? I don't think you ever did. Right?
Argentina has never taken advantage of a country in modern times (post WWII). The expansionist wars against Paraguay, Indians, and the taking of land from Chile and buying it from Bolivia was another era, when all countries seeking world power status did the same.
Jul 23rd, 2013 - 03:48 am - Link - Report abuse 0In the 19th century it was the age of nationalism, and all nations with any power sought to become world powers. Argentina did for about 70 years economically.
@3,10 Mr. Truth
Jul 23rd, 2013 - 04:20 am - Link - Report abuse 0”Maybe a little unfair, but that's what happens when you take advantage of a country, ”
How specifically was the country of Argentina taken advantage of by Sealord and the Maoris of New Zealand?
It wasn't, that's my point. In the 90s it would have happened, now it is the opposite, I would adumbrate that much but cannot get more specific.
Jul 23rd, 2013 - 04:34 am - Link - Report abuse 0@ 10 well I recall a genocidal Junta invading another country in 1982, and the earlier bunch of thugs nearly doing the same in 1978 to Chile, whixh would have been the second act in 1982 hadnot HM Forces turned uo.
Jul 23rd, 2013 - 06:08 am - Link - Report abuse 0And do say 'thank You' to Mrs Thatcher for restoring democracy and abolishing the Flying Nun airshow acts that were popular in Argentina up to June 1982.
Under whose laws does investment and privatisation operate under in Argentina?
Jul 23rd, 2013 - 06:11 am - Link - Report abuse 0Who drafted those laws?
Who voted the government in that drafted those laws.
So whose fault is the botched privatisation and investments laws in Argentina?
People like you Nostrils.
I'm too tired to compare Argentina to Australia because reality speaks for itself.
#8
Jul 23rd, 2013 - 09:45 am - Link - Report abuse 0For the sake of argument I will accept your premise about England.
The first King of England was Aethelstan in 921 AD.
This means you are still 500 years out. A bit careless in rounding up ?
If this is an example of Argentinian “scholarship” then it is not very impressive. You would be better casting the runes.
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