Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


The Kind Of Investment That Really Does Grow

15 August 2002

Barkworth Group - The Kind Of Investment That Really Does Grow

New Zealand investors are lapping up the opportunity to watch their investment grow, literally, with Australian olive company The Barkworth Group.

Initially each investor received a fully managed olive grove for their investment and from there witnessed the production of their olives from farming, through to processing, and finally onto the supermarket shelf.

Approximately 700 New Zealand investors have been attracted to the offer through the issue of seven propectuses since 1997, resulting in nearly $12 million raised. From Australia and New Zealand jointly around $125 million of capital has been raised for the venture.

Managing director Douglas Pollard is in New Zealand this week to launch the last part of the investment chain.

The olive-oil product VIVA is now available in New Zealand and will initially be stocked through the Progressive Group. It is currently stocked throughout Australia in over 1,000 Woolworths, Coles and Bi-Lo Supermarkets.

"We are extremely proud of this product. Firstly because it is of excellent quality and secondly because our investors in New Zealand will literally see how far their investment has come - all the way to their local supermarket shelf," said Mr Pollard.

"The nod of approval from New Zealand investors has been significant and we are grateful for this support. And we know this is a unique investment opportunity which will yield a return on year two for initial shareholders," said Mr Pollard.

In addition to the olive investment opportunity, The Barkworth Group has issued two prospectuses for its debenture issue, and has raised in excess of $8 million dollars in the process.

Capital raised was used to finance investors' farms in NSW and South Australia and to plant 350,000 olive trees. The VIVA Olives operation was also acquired and a world-class olive line was established within the Loxton (South Australian) plant. Phase one of a four stage development at the Inglewood (Queensland) plant was also completed.

The current debenture has been issued at 9% per annum fixed return for three years, and 8.5% per annum fixed return for a two year term.

The Barkworth Group was established in 1997.

- ends -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>

BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>

Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>

Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>