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2007-08-01 13:20 (v1.0.3)

They are in with Heinze,IBM,FLEXITRONICS and UNILEVER.

Just look at the board members and non execs ie Stuart Rose Marks and Spencer
Paul walsh- Ex ceo of Diageo. Incoming chairman of catering giant Compass.

DC. Those are big hitters and make this a serious new issue. I think they would fit in with my long term value portfolio.

dl & dc alternative view......jobs for the boys, window dressing.

we take our chances dl . I have done my homework, The company produces pallets already, I like the figures given, in contact as you say with big hitters. All we need know is for halifax to say he hates them, then I know they will rocket. :-))

I am well happy, thanks halifax :-))

dc have no problem with this company but pallet consumers will decide, common sense and price will prevail.

They have a superior life to the wooden ones and are far cheaper.

dc not cheaper to buy, are they cheaper to lease?

The figures DC say they are slightly more expensive to produce but will make 3+ as many trips before disposal .
I used to be in the international transport business and kind of understand how the pallet exchange works.

halifax i would presume they would be competitive as they last a lot longer.. This is nothing new plastic pallets have been used for ages.

But can you burn them? :-)

jim you tend to discount the cost factor.

Why's that halifax ?

jim what %age of pallets go "missing" work it out for yourself.

Thanks jimmy. John Walsh's words ''Dozens'' of companies are using them.

Figures - Wooden pallet costs to make $40, will service 30 trips

Plastic $55 costs to make , will survive more than 100 trips.

So the wooden pallets are over $120 for 100 trips to the plastic of $55

The pallets will be on long lease, with high reoccurring level of revenue.

If you lease pallets (as in GKN Chep) you sign for them and exchange them.

Halifax these will have tracking systems in them as I said to cynic. The wooden ones carried a high levy for non returns.

If this was a new company setting out,I would not touch it with a barge poll. As I have said the operation has been running 6/7 years.

I can't tell you if this is going to be a great buy ,i only know how the pallet system works.
DC as in GKN Chep blue pallets ,someone was usually responsible for missing pallets that had to be paid for.

Thanks jimmy b, good to have the questions. There will be a lot of interest in this one .Non of the original investors are selling and one of the holding comps is increasing its holding.