Dr W..., Reason, NO ONE can buy land in China, you can lease it long term but the actual ownership stays with the Chinesse ala Hong Kong 1997 , makes a big difference when they EXPECTED to buy N Z farm land, now thats HYPOCRITICAL !!!
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Doesn't sound to good and I hold a few.
https://www.msn.com/en-nz/money/busi...cid=spartanntp
A contingent liability of just $14m on their books, and a bill for $180m
I hope their attention to detail, quality and quality systems is laser focussed going forward.
A HUGe ! award, Must not to have had a leg to stand on and are there others out there waiting to come out of the woodwork after this award ?
Hugh is a big man!
Doesnt justice take so long sometimes that you think its never going to happen ?
(Am I'm not saying this decision is correct or not, just saying it is the current legal status)
I heard this fine is about 11 cps so not that massive. But more to the point of the company and its abilities to succeed.
What I can't figure out is why FSF is up 4c today !
Wished I had been at home, may have sold.
Outstanding.
This was such a disorganised mess by Fonterra. In 2013 they went to AgResearch instead of their own labs or AsureQuality, and in the end one dead mouse at AgResearch sparked the recall. Very poor quality lab work by an unaccredited lab, and in any case they should have expanded the tests before coming to any conclusion.
Hopefully they have much better systems in place now, at Fonterra.
http://www.nzherald.co.nz/business/n...ectid=11120976
Whatsup and Winner, lucky I wasn’t home then!
Thanks.
Fonterra still really strong though, they can make this up with some positive stream returns (although unlikely) or the expected growth in the Chinese milk formula market (lots of brands won't be able to be sold as at 1/1/18).
Low production from a potential drought is probably more financially ruining than this claim.
Has anybody recently worked out the Enterprise value and EBITA of fonterra? if so please post. thanks
Just read about a re-call of French baby formula products in a foreign newspaper. A world-wide recall; actual salmonella found in the product. Can't be bad for Fonterra.
https://www.ad.nl/binnenland/babymel...vaar~ad02b802/
If you were wanting to capitalize on NZs clean green brand is this what you would be announcing to the world? link
Obviously this is why am not some high flying CEO - I am just not clever enough.
another disaster result , when they going to split the company up , retain control and list the value proposition.
this is bad news for fonterra
kelloggs will also stop using all dairy ingredients, including cheese, lactose, whey and milk powder in its recipes.
https://www.marketwatch.com/story/kelloggs-owned-veggie-burger-brand-morningstar-farms-to-go-all-vegan-by-2021-2019-03-04
the future is unfolding and its all bad news for fonterra and there commodity model
Hurrell has said the Fonterra's underlying performance isn't where it needs to be, with challenges in the Australian ingredients, and Asian foodservice units. A fundamental change in direction is needed to realise Fonterra's potential, he said.
http://www.sharechat.co.nz/article/45e9f04c/judith-swales-tasked-with-running-fonterra-s-consumer-and-food-service-unit.html
be good if that means splitting the business into high value / commodity and listing the high value while retaining control. hate to think it means selling the high value. just been looking at dean foods in the US and all the problems they aare having because they concentrate mainly on milk.
Fonterra are in the classic 'stuck in the middle' in terms of their strategic position. They aren't a commodity lowest cost operator (Open Country), they aren't an niche player (Tatua), not an added value operator (Synlait) and not vertically integrated with ownership in market (ie Chinese companies). They are trying to be all of these things, and floundering...….Hurrell has to try to turn around the Titanic, with no easy answers.