October 16, 2025 • 8 mins
Don Morrison looks ahead to a big week for the Alliance Group regarding the Dawn Meats proposal.
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Episode Transcript
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Speaker 1 (00:20):
Howie Morrison.
Speaker 2 (00:21):
Don Morrison is an Alliance board director and farms at
Willowbank and joins us once again.
Speaker 3 (00:26):
Good afternoon, how he got an ending with a leader
and that was an anthem for us all back in
the Lincoln days. I got to say that always good
to hear the Poe the old.
Speaker 1 (00:40):
You can't go wrong with that.
Speaker 3 (00:43):
Jane McGowan unjust unbelievable talent and yeah, what a great sound, Andy.
Speaker 1 (00:49):
And a really interesting individual all accounts too.
Speaker 3 (00:52):
Probably more interesting life than than most of the rest
of us. Leave Andy, I'd imagine.
Speaker 2 (00:57):
We catch in the tailing fen today in between mobs
you're telling me you got your jersey off, so must
be getting warm out there, or you're doing a bit
of physical work.
Speaker 3 (01:05):
I'm on the tailor line today, Andy, And like I said,
when you're doing a physical job, Andrew, you you get
to take a few clothes off and enjoy the enjoy
the day.
Speaker 1 (01:14):
You have the shorts on, though surely no still still.
Speaker 3 (01:17):
Jeans at this stage, so been bent down to the
thing that for most tailing days. So it's we're just
picking our days. As what's going on. We're still lambing
Hoggarts where a lot of different jobs, sorting through some
ram Hoggins helped painting soul ram hoggins. Yesterday we're track
the work, hoping to get some barley sown. Today we'll
start on the barley. So yet plenty happening, Andy.
Speaker 2 (01:39):
So they're coming through numbers wise, Okay, through the pen
hey really good.
Speaker 3 (01:44):
Probably some of the best paddic percentages we've ever had.
And you know that weather was a bit testing at Lembing,
but I think the good condition of the US was
after that good winter really helped. And you know, we
we short of thought there might have been a bit
of damage, but there wasn't. But look, I've had crippler
pad it's up to two forty, which is as high
as I've ever had. And you know, twin paddocks were
(02:05):
really really good. So yeah, we're pretty happy with things, Andy.
Speaker 1 (02:08):
So in triplet paddocks, how many user being that mid
for example?
Speaker 3 (02:12):
Oh, what do we have five five hundred triplets? I think?
So they would they let they were tailed in about
three blocks and and yeah, one one of them came
in at two forty and the other the other two
were well over the two hundred, which is pretty pleasing
with triplets.
Speaker 1 (02:28):
Sounds like you're up with the play.
Speaker 3 (02:31):
Yeah, we actually feel we are. Andy. It's you know,
we've worked hard through the spring, but hey, what once
that where the dried up a back too and it
was good enough for George to get onto the paddocks.
Certainly kept the wheels turning.
Speaker 1 (02:43):
Hey, the Alliance capital restructure.
Speaker 2 (02:45):
How we we've got this special general meeting happening in
the v cargo on Monday. Are you a bit of
nervous or apprehensive about what the next week might bring?
Speaker 3 (02:54):
I look at you. Just take what it is, Andy.
We completed twenty four road shows now, and there was
a virtual webinar yesterday with where they could our shareholders
could meet and listen to Nile Brown from Dawn Meet.
So we're getting pretty big support at the road shows.
People understand where we are and understand where we're going,
(03:17):
and I think most people understand the value of this,
dear Andy. So you know, we'll see the meetings Monday
and we'll have a result to announce on Tuesday.
Speaker 1 (03:27):
So Nile Brown of Dawn Meets, what did he have
to say exactly?
Speaker 3 (03:30):
Oh, it was just it was really just an introduction
to the shareholders. So they could, they could meet him
so they could understand who Dawn Meets is and who
Nile Brown is and a bit of the history of
the company and what it might look like going forward.
Speaker 1 (03:47):
How was the reaction to what he had to say?
Have you heard much?
Speaker 3 (03:51):
Oh? I think pretty good. He's a very very likable man,
very experienced in the meat industry, So yeah, I'm hearing
good reports.
Speaker 1 (03:59):
So for Alliance hold Us, how we just explain what
happens Monday and Tuesday.
Speaker 3 (04:03):
On Mondays the Special General Meeting, which is a procedural
meeting through this process, and it's a chance for cheerholders
to come and express any views they have. But it
will also be the close out for the I think
eleven don't quote the Andy, but it's later in the morning.
The electronic voting will close, and then we have independent
(04:28):
scrutinaiers do the whole process and Dale announce or we'll
be able to announce the results on Tuesday.
Speaker 1 (04:34):
When you say the voting closes, sounds like popeyd or
just a bit more at stake.
Speaker 3 (04:39):
Look, there is a lot of stay candy. It's been
a unanimous recommendation from the board that we support the
vote because we do see outstanding value in this relationship
with Dawn, and it's going to let us move forward
as a company that absolutely thrives. And I think it's
really important threshholders in terms of delivering a really a
(05:03):
strike a company with a strong future and a strong
price going forward.
Speaker 2 (05:06):
Is there anything you would have done differently over the
past couple of seasons? How we when you reflect?
Speaker 3 (05:12):
Look, if I reflect Dandy, I think there's a certain
inevitability and in this company, within an industry a weak
balance sheet characterized by historically low profits, you actually have
to be generating a lot of retained earnings to capitalize
your balance sheet. Otherwise you've got to go to shareholders.
(05:34):
We've probably never really been confident enough to do that
or confident enough that we'd achieved what we needed. We
certainly tested the market last year and the response from
shareholders was no, the money we've got is going to
be more important on our farms. We want to capitalize
our own operations and balance sheets, not the non alliance.
And so that really put us in the capital race
(05:54):
situation where we are.
Speaker 2 (05:55):
Andy bro Well talk about a K the NPC semi
final side of Tago have plenty who you got.
Speaker 3 (06:02):
Look, you're going to go with the Targo. I think
they'd be disappointed that they finished up that quarter final
last week. So yeah, I think they've got some good
play to come. So certainly I'll be heading for the
South Island Double when it comes, because I think Canterbury
will be pretty hard to beat in that other semi
as well.
Speaker 1 (06:20):
How good would a Tiger by a plenty Hawk's Bay
final be though? All do you respect to Canterbury? They
want enough?
Speaker 3 (06:26):
Oh it would be It wo be absolutely awesome. But
you've just you're dealing with that Canterbury slash Crusaders. You know,
they've just got a culture of success. They know how
to win now don't know how to win, and they
recruit well. And I look at their backs, you know,
big strong backs, big strong windfielders. They'll be hard to beat.
But hey, some of those other teams, Now, this is
(06:47):
the thing about the NPC. Now, a lot of the
smaller unions I shouldn't say smaller, but not your big
five are actually putting in some really good performances.
Speaker 1 (06:58):
And the All Blacks touring South African next year.
Speaker 2 (07:00):
They're calling at rugby's biggest rivalry, which is nothing more
than a gimmick for me, because arguably England and Wales
or Scotland or someone might have something to say about that.
But next year it's certainly going to be a hell
of a hell of a Test series over there in
the Republic.
Speaker 3 (07:14):
And it's absolutely awesome. I remember as a curd back
in seventy six there was nothing more exciting than that
All Black tour. I think they went on for three months,
four piers, you know, players like Sir Bruce Robertson, Joe
Morgan in the backs, Brian Williams, Infitt Patrick. You know,
it was iconic as a as a young kid getting
up and watching those All Black games and you know,
(07:37):
nice to see a tour like that back on the program.
Speaker 2 (07:40):
Good on you, how we always appreciate your time and
it's going to be a big week or so for
the Alliance group.
Speaker 1 (07:45):
All the best for next week.
Speaker 3 (07:46):
YEA, up to you and eat. We'll talk to you then.
Speaker 2 (07:51):
Don Morrison, Willowbank Farmer and Alliance for director. It's the
Alliance Special General Meeting happening on Monday and we should
know by lunchtime on Tuesday. They's the story as far
as dawnmates buying into the Alliance group.
Speaker 1 (08:03):
You're listening to the.
Speaker 2 (08:04):
Master up next to Derrick Roi, reflecting on the life
and times of Jimbalgia.
Speaker 1 (08:10):
I'm gone on by
Howie Morrison.
Speaker 2 (00:21):
Don Morrison is an Alliance board director and farms at
Willowbank and joins us once again.
Speaker 3 (00:26):
Good afternoon, how he got an ending with a leader
and that was an anthem for us all back in
the Lincoln days. I got to say that always good
to hear the Poe the old.
Speaker 1 (00:40):
You can't go wrong with that.
Speaker 3 (00:43):
Jane McGowan unjust unbelievable talent and yeah, what a great sound, Andy.
Speaker 1 (00:49):
And a really interesting individual all accounts too.
Speaker 3 (00:52):
Probably more interesting life than than most of the rest
of us. Leave Andy, I'd imagine.
Speaker 2 (00:57):
We catch in the tailing fen today in between mobs
you're telling me you got your jersey off, so must
be getting warm out there, or you're doing a bit
of physical work.
Speaker 3 (01:05):
I'm on the tailor line today, Andy, And like I said,
when you're doing a physical job, Andrew, you you get
to take a few clothes off and enjoy the enjoy
the day.
Speaker 1 (01:14):
You have the shorts on, though surely no still still.
Speaker 3 (01:17):
Jeans at this stage, so been bent down to the
thing that for most tailing days. So it's we're just
picking our days. As what's going on. We're still lambing
Hoggarts where a lot of different jobs, sorting through some
ram Hoggins helped painting soul ram hoggins. Yesterday we're track
the work, hoping to get some barley sown. Today we'll
start on the barley. So yet plenty happening, Andy.
Speaker 2 (01:39):
So they're coming through numbers wise, Okay, through the pen
hey really good.
Speaker 3 (01:44):
Probably some of the best paddic percentages we've ever had.
And you know that weather was a bit testing at Lembing,
but I think the good condition of the US was
after that good winter really helped. And you know, we
we short of thought there might have been a bit
of damage, but there wasn't. But look, I've had crippler
pad it's up to two forty, which is as high
as I've ever had. And you know, twin paddocks were
(02:05):
really really good. So yeah, we're pretty happy with things, Andy.
Speaker 1 (02:08):
So in triplet paddocks, how many user being that mid
for example?
Speaker 3 (02:12):
Oh, what do we have five five hundred triplets? I think?
So they would they let they were tailed in about
three blocks and and yeah, one one of them came
in at two forty and the other the other two
were well over the two hundred, which is pretty pleasing
with triplets.
Speaker 1 (02:28):
Sounds like you're up with the play.
Speaker 3 (02:31):
Yeah, we actually feel we are. Andy. It's you know,
we've worked hard through the spring, but hey, what once
that where the dried up a back too and it
was good enough for George to get onto the paddocks.
Certainly kept the wheels turning.
Speaker 1 (02:43):
Hey, the Alliance capital restructure.
Speaker 2 (02:45):
How we we've got this special general meeting happening in
the v cargo on Monday. Are you a bit of
nervous or apprehensive about what the next week might bring?
Speaker 3 (02:54):
I look at you. Just take what it is, Andy.
We completed twenty four road shows now, and there was
a virtual webinar yesterday with where they could our shareholders
could meet and listen to Nile Brown from Dawn Meet.
So we're getting pretty big support at the road shows.
People understand where we are and understand where we're going,
(03:17):
and I think most people understand the value of this,
dear Andy. So you know, we'll see the meetings Monday
and we'll have a result to announce on Tuesday.
Speaker 1 (03:27):
So Nile Brown of Dawn Meets, what did he have
to say exactly?
Speaker 3 (03:30):
Oh, it was just it was really just an introduction
to the shareholders. So they could, they could meet him
so they could understand who Dawn Meets is and who
Nile Brown is and a bit of the history of
the company and what it might look like going forward.
Speaker 1 (03:47):
How was the reaction to what he had to say?
Have you heard much?
Speaker 3 (03:51):
Oh? I think pretty good. He's a very very likable man,
very experienced in the meat industry, So yeah, I'm hearing
good reports.
Speaker 1 (03:59):
So for Alliance hold Us, how we just explain what
happens Monday and Tuesday.
Speaker 3 (04:03):
On Mondays the Special General Meeting, which is a procedural
meeting through this process, and it's a chance for cheerholders
to come and express any views they have. But it
will also be the close out for the I think
eleven don't quote the Andy, but it's later in the morning.
The electronic voting will close, and then we have independent
(04:28):
scrutinaiers do the whole process and Dale announce or we'll
be able to announce the results on Tuesday.
Speaker 1 (04:34):
When you say the voting closes, sounds like popeyd or
just a bit more at stake.
Speaker 3 (04:39):
Look, there is a lot of stay candy. It's been
a unanimous recommendation from the board that we support the
vote because we do see outstanding value in this relationship
with Dawn, and it's going to let us move forward
as a company that absolutely thrives. And I think it's
really important threshholders in terms of delivering a really a
(05:03):
strike a company with a strong future and a strong
price going forward.
Speaker 2 (05:06):
Is there anything you would have done differently over the
past couple of seasons? How we when you reflect?
Speaker 3 (05:12):
Look, if I reflect Dandy, I think there's a certain
inevitability and in this company, within an industry a weak
balance sheet characterized by historically low profits, you actually have
to be generating a lot of retained earnings to capitalize
your balance sheet. Otherwise you've got to go to shareholders.
(05:34):
We've probably never really been confident enough to do that
or confident enough that we'd achieved what we needed. We
certainly tested the market last year and the response from
shareholders was no, the money we've got is going to
be more important on our farms. We want to capitalize
our own operations and balance sheets, not the non alliance.
And so that really put us in the capital race
(05:54):
situation where we are.
Speaker 2 (05:55):
Andy bro Well talk about a K the NPC semi
final side of Tago have plenty who you got.
Speaker 3 (06:02):
Look, you're going to go with the Targo. I think
they'd be disappointed that they finished up that quarter final
last week. So yeah, I think they've got some good
play to come. So certainly I'll be heading for the
South Island Double when it comes, because I think Canterbury
will be pretty hard to beat in that other semi
as well.
Speaker 1 (06:20):
How good would a Tiger by a plenty Hawk's Bay
final be though? All do you respect to Canterbury? They
want enough?
Speaker 3 (06:26):
Oh it would be It wo be absolutely awesome. But
you've just you're dealing with that Canterbury slash Crusaders. You know,
they've just got a culture of success. They know how
to win now don't know how to win, and they
recruit well. And I look at their backs, you know,
big strong backs, big strong windfielders. They'll be hard to beat.
But hey, some of those other teams, Now, this is
(06:47):
the thing about the NPC. Now, a lot of the
smaller unions I shouldn't say smaller, but not your big
five are actually putting in some really good performances.
Speaker 1 (06:58):
And the All Blacks touring South African next year.
Speaker 2 (07:00):
They're calling at rugby's biggest rivalry, which is nothing more
than a gimmick for me, because arguably England and Wales
or Scotland or someone might have something to say about that.
But next year it's certainly going to be a hell
of a hell of a Test series over there in
the Republic.
Speaker 3 (07:14):
And it's absolutely awesome. I remember as a curd back
in seventy six there was nothing more exciting than that
All Black tour. I think they went on for three months,
four piers, you know, players like Sir Bruce Robertson, Joe
Morgan in the backs, Brian Williams, Infitt Patrick. You know,
it was iconic as a as a young kid getting
up and watching those All Black games and you know,
(07:37):
nice to see a tour like that back on the program.
Speaker 2 (07:40):
Good on you, how we always appreciate your time and
it's going to be a big week or so for
the Alliance group.
Speaker 1 (07:45):
All the best for next week.
Speaker 3 (07:46):
YEA, up to you and eat. We'll talk to you then.
Speaker 2 (07:51):
Don Morrison, Willowbank Farmer and Alliance for director. It's the
Alliance Special General Meeting happening on Monday and we should
know by lunchtime on Tuesday. They's the story as far
as dawnmates buying into the Alliance group.
Speaker 1 (08:03):
You're listening to the.
Speaker 2 (08:04):
Master up next to Derrick Roi, reflecting on the life
and times of Jimbalgia.
Speaker 1 (08:10):
I'm gone on by
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