Poplar Road Farm 

  Dairy  

 PRD Investments 

  MyFarm Limited  

Investors in PRD Investments (PRDI) have voted in favour of a proposed restructuring i.e. doing an in-specie distribution of the Poplar units owned by PDRI, and then liquidating PDRI. On a shareholding basis there was 79% support for the special resolution that gives effect to the restructuring. On a number of shareholder basis 80% of shareholders voted in support of the resolution.

 

From here, the next step involves the offeror working with the board of the farm syndicate to put together valuation information on which the shareholders will be asked to select a share price to be used in the pre-emptive rights that are obliged to be followed i.e. the price at which the shareholder would be prepared to sell their units to other investors in the Poplar Road farm syndicate.

Overview

PRD Investments Limited (PRDI) is the largest shareholder (21.58%) in Poplar Road LP (Poplar), a 180ha dairy farm at 1074 Poplar Road, Hinds, mid-Canterbury (the Farm) established in August 2013. This farm was converted to dairying in 2009 and is fully developed.It is fully irrigated and has good water rights and a 7 ha storage lake.
Important please note this Issue is subject to the Overseas Investment Act 2005 which may limit the level of overseas or non-resident investors. This may mean that bids from Overseas and Non-Resident Investors are not able to be completed.
Any bids received on listings made by Overseas Investors on Issues that are subject to Foreign Ownership restrictions require Issuer approval to be compliant with New Zealand’s Overseas Investment Act 2005.  Any accepted bids or bids matching your set offer price that do not comply with the Foreign Ownership restrictions may have transfer approval withheld by the Issuer. As a result, the trade will be unable to be completed.  For further information please contact the Issuer.


Manager:
MyFarm Limited
Issue Name:
PRD Investments
Market:
Agriculture
Market Type:
Dairy

isEOI: false

Financials

Investment Type:Retail (CIV)

Wholesale Investment Type:

Total Units/Shares:2050000

Min Investment Units/Shares:20000

Min Investment Value:NZD 20,000.00

Par Value:NZD 1.00


Establishment Date: 1 August 2013

Financial Year End: 31 May 2023

Market Snapshot

Last Traded Value:NZD 14,000.00

Last Traded Price:NZD .70

Last Traded Quantity:20000

Last Traded Date: 26 October 2021

Property Details


Property Name:
Poplar Road Farm
Location:
Mid Canterbury
Address:
1074 Poplar Road, Lowcliffe, Ashburton, New Zealand, 7773
Total Area (ha):
181
Infrastructure:
Infrastructure includes three dwellings, a 54 bale rotary cowshed with in-shed meal feeders, automatic cup removers, a Protrack automation system and miscellaneous farm buildings.

Contact

Website: www.myfarm.co.nz

Email: [email protected]

Phone:0800 693 276

Document Name Description Date Uploaded
PRDI Profile Update July 2017 PRD Profile Update July 2017 4 September 2017 Preview/Download
PRD Quarterly Report Q4 FY 2018 PRD Quarterly Report Q4 FY 2018 5 September 2018 Preview/Download
PRD Quarterly Report Q3 FY 2018 12 July 2018 Preview/Download
PRD Profile Update June 2016 A profile of PRD Investments as at June 2016. 11 July 2016 Preview/Download
PRD - Special Resolution Process & Reminder - 31 May 2021 PRD - Special Resolution Process & Reminder - 31 May 2021 31 May 2021 Preview/Download
PRD - Special Meeting - Presentation - 25 May 2021 PRD - Special Meeting - Presentation - 25 May 2021 31 May 2021 Preview/Download
PRD - Profile Update Q2 FY 2019 PRD - Profile Update November 2018 14 March 2019 Preview/Download
PRD - Profile Update November 2019 PRD - Profile Update November 2019 26 February 2020 Preview/Download
PRD - Profile Update February 2020 PRD - Profile Update February 2020 22 May 2020 Preview/Download
PRD - Profile Update February 2019 PRD Investments Limited Quarter 3 Report FY 2019 6 June 2019 Preview/Download
PRD - Profile Update - Q4 - May 2020 PRD - Profile Update - Q4 - May 2020 17 August 2020 Preview/Download
Zoom: 14

MyFarm Limited

 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value NTA Equity Asset Ratio ROE
PRD Investments                  
Aupōuri Avocados LP                  
Awakeri Orchard LP                  
Awatere Valley LP                  
Bay Kiwifruit Orchards LP 63,514.00 NZD 201,821.89 NZD 107,160.03 NZD 94,661.86 NZD 215.00 NZD 2,199,868.56 NZD 2,042,400.01 109.00% 9.88%
Birch Hill Capital Raise March 2022                  
Birch Hill LP                  
Central Cherry Orchard LP                  
CQuest LP                  
Eastern Orchards LP                  
GCF Investments                  
Gold Income LP                  
Gold Income LP - Maraenui                  
Gold Income LP - Rangitaiki                  
Heretaunga Orchards LP                  
HLP Investments LP                  
Karaka Orchard Class B Units Partly Paid                  
Karaka Orchards LP 270,600.00 NZD 11,068.00 NZD 12,177.00 NZD -1,109.00 NZD 12,251.00 NZD 9,986,046.83 NZD 4,981,444.00 98.00% 0.22%
Kintyre Vineyard LP                  
Kintyre Vineyard LP - Arck Extension                  
KLP Investments LP                  
Korokipo Apple LP                  
LLP Investments LP                  
MyFarm Application Test                  
Otamarakau Kiwifruit LP                  
Quarry Kiwifruit LP                  
Quarry Kiwifruit LP - Ohaeawai Extension                  
Riverview Kiwifruit LP                  
Rākete Capital Raise Crown 26 Nov 2020                  
Rākete Orchards Bonus Units 29 Oct 2020                  
Rākete Orchards LP                  
Tapawera Hop Garden LP                  
Te Arai Gold LP                  
Te Arai Orchard LP                  
TPLP Investments Limited                  
Waikerikeri Irrigation LP (Withdrawn)                  
Waimarie Manuka LP                  
Wairau Valley Vineyards LP                  
Wairua Hop Garden LP                  
Willowbank Apples LP                  
Ᾱporo Iti Orchard LP                  
 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value
PRD Investments            
Aupōuri Avocados LP            
Awakeri Orchard LP            
Awatere Valley LP            
Bay Kiwifruit Orchards LP 1.49 NZD 4.73 NZD 2.51 NZD 2.22 NZD 0.01 NZD 51.51
Birch Hill Capital Raise March 2022            
Birch Hill LP            
Central Cherry Orchard LP            
CQuest LP            
Eastern Orchards LP            
GCF Investments            
Gold Income LP            
Gold Income LP - Maraenui            
Gold Income LP - Rangitaiki            
Heretaunga Orchards LP            
HLP Investments LP            
Karaka Orchard Class B Units Partly Paid            
Karaka Orchards LP 11,000.00 NZD 449.92 NZD 495.00 NZD -45.08 NZD 498.01 NZD 405,936.86
Kintyre Vineyard LP            
Kintyre Vineyard LP - Arck Extension            
KLP Investments LP            
Korokipo Apple LP            
LLP Investments LP            
MyFarm Application Test            
Otamarakau Kiwifruit LP            
Quarry Kiwifruit LP            
Quarry Kiwifruit LP - Ohaeawai Extension            
Riverview Kiwifruit LP            
Rākete Capital Raise Crown 26 Nov 2020            
Rākete Orchards Bonus Units 29 Oct 2020            
Rākete Orchards LP            
Tapawera Hop Garden LP            
Te Arai Gold LP            
Te Arai Orchard LP            
TPLP Investments Limited            
Waikerikeri Irrigation LP (Withdrawn)            
Waimarie Manuka LP            
Wairau Valley Vineyards LP            
Wairua Hop Garden LP            
Willowbank Apples LP            
Ᾱporo Iti Orchard LP            
 
Issue Revenue Farm Working Expenses EBITDA Interest Enterprise Value
PRD Investments          
Aupōuri Avocados LP          
Awakeri Orchard LP          
Awatere Valley LP          
Bay Kiwifruit Orchards LP NZD 3.18 NZD 1.69 NZD 1.49 NZD 0.00 NZD 34.64
Birch Hill Capital Raise March 2022          
Birch Hill LP          
Central Cherry Orchard LP          
CQuest LP          
Eastern Orchards LP          
GCF Investments          
Gold Income LP          
Gold Income LP - Maraenui          
Gold Income LP - Rangitaiki          
Heretaunga Orchards LP          
HLP Investments LP          
Karaka Orchard Class B Units Partly Paid          
Karaka Orchards LP NZD 0.04 NZD 0.05 NZD 0.00 NZD 0.05 NZD 36.90
Kintyre Vineyard LP          
Kintyre Vineyard LP - Arck Extension          
KLP Investments LP          
Korokipo Apple LP          
LLP Investments LP          
MyFarm Application Test          
Otamarakau Kiwifruit LP          
Quarry Kiwifruit LP          
Quarry Kiwifruit LP - Ohaeawai Extension          
Riverview Kiwifruit LP          
Rākete Capital Raise Crown 26 Nov 2020          
Rākete Orchards Bonus Units 29 Oct 2020          
Rākete Orchards LP          
Tapawera Hop Garden LP          
Te Arai Gold LP          
Te Arai Orchard LP          
TPLP Investments Limited          
Waikerikeri Irrigation LP (Withdrawn)          
Waimarie Manuka LP          
Wairau Valley Vineyards LP          
Wairua Hop Garden LP          
Willowbank Apples LP          
Ᾱporo Iti Orchard LP          
Traded Date Traded Quantity Traded Unit Price Traded Value Par Value Trade Event
26 October 2021 20,000  Shares NZD 0.70 NZD 14,000 NZD 20,000 On Market Trade
11 October 2021 20,000  Shares NZD 0.65 NZD 13,000 NZD 20,000 On Market Trade
26 August 2021 20,000  Shares NZD 0.65 NZD 13,000 NZD 20,000 On Market Trade
10 February 2021 50,000  Shares NZD 0.60 NZD 30,000 NZD 50,000 On Market Trade
29 May 2020 40,000  Shares NZD 0.60 NZD 24,000 NZD 40,000 On Market Trade
15 February 2019 20,000  Shares NZD 0.85 NZD 17,000 NZD 20,000 On Market Trade
4 March 2018 20,000  Shares NZD 0.80 NZD 16,000 NZD 20,000 On Market Trade
19 October 2017 20,000  Shares NZD 0.95 NZD 19,000 NZD 20,000 On Market Trade
14 June 2016 20,000  Shares NZD 0.45 NZD 9,000 NZD 20,000 On Market Trade
19 May 2016 20,000  Shares NZD 1.00 NZD 20,000 NZD 20,000 Off Market Transfer
13 April 2016 20,000  Shares NZD 1.00 NZD 20,000 NZD 20,000 Off Market Transfer
13 October 2015 20,000  Shares NZD 1.00 NZD 20,000 NZD 20,000 Off Market Transfer
28 September 2015 20,000  Shares NZD 1.00 NZD 20,000 NZD 20,000 Off Market Transfer
24 September 2015 20,000  Shares NZD 1.00 NZD 20,000 NZD 20,000 Off Market Transfer

Secondary Market - PRD Investments

Quantity on Offer Offer Price   Offer End Date Highest Bid Active Bidders Action
20,000 Shares NZD 21,000.00 30/06/2022 NZD 17,500.00 1