Blue Sky chair Scott O'Donnell said last week that if the company can lift profits "you're worth more". Blue Sky "probably had dropped behind industry best. Binxi Cattle Group built its stake in Blue Sky last year, becoming the third-largest shareholder behind Lowe Corp and HW Richardson Group. It operates a vertically integrated beef business in China, owns New Zealand meat processor Lean Meats Oamaru and wants to acquire Blue Sky to grow its New Zealand Binxi business. Blue Sky shares last traded at $1.30 on the Unlisted platform, valuing the company at $15 million.

Source: Otago Daily Times January 24, 2017 05:37 UTC