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Thread: FSF - Fonterra

  1. #221
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    Quote Originally Posted by bull.... View Post
    time will tell , but going back to predominetly being a commodity producer dooms them to failure in the long run , the chinese factories being built and taken over will eat fonterra lunch over time due to there deeper pockets. fonterra biggest hinderance is there lack of capital and failure to address the issue is there biggest mistake which will lead to there demise over time due to the fact they do not have the capital to grow value add bussiness which is needed to subsidize the milk payout when the milk price drops.

    failure by management and failure by govt in not protecting the dairy industry under national security grounds lol really i mean in the nations interest from overseas companies is leading to its demise.
    see fonterra realising what i was saying will happen in the long run

    Fonterra raises alarm over factory closures if rules don't change

    https://www.stuff.co.nz/business/far...es-dont-change
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  2. #222
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    Dean Foods, America’s biggest milk producer, files for bankruptcy


    https://www.cnbc.com/2019/11/12/dean...ankruptcy.html


    yep another one bites the dust in the ongoing death of traditional milk processors. just goes to show if you dont move up the value chain your days are numbered


    The 94-year-old company has struggled in recent years because Americans are drinking less cows milk

    https://edition.cnn.com/2019/11/12/b...tcy/index.html
    Last edited by bull....; 13-11-2019 at 04:54 AM.
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  3. #223
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    Quote Originally Posted by bull.... View Post
    Dean Foods, America’s biggest milk producer, files for bankruptcy


    https://www.cnbc.com/2019/11/12/dean...ankruptcy.html

    yep another one bites the dust in the ongoing death of traditional milk processors. just goes to show if you dont move up the value chain your days are numbered


    The 94-year-old company has struggled in recent years because Americans are drinking less cows milk

    https://edition.cnn.com/2019/11/12/b...tcy/index.html
    Dean Foods has struggled for years. One big challenge in the US liquid milk market has been the big drop in breakfast cereal consumption, replaced by instant breakfasts that don't need milk. Mitigating this is the rise in out of home dairy consumption eg Starbucks(milk&cream), burgers(cheese), pizza (mozza) etc etc. But this is no help if you are stuck with a complex cold chain set up to deliver liquid milk to families via supermarkets.

  4. #224
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    chinese mengnui snapping up australian dairy assets. just purchased ballamys now Kirin to sell Australian dairy unit to Mengniu



    So we got 2 major chinese dairy companies 1 in NZ and another in australia obviously looking to become leaders in the space

    https://asia.nikkei.com/Business/Bus...has%20learned.
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  5. #225
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    good to see this move

    Fonterra pays $30m for almost full control of Chilean milk processor

    https://www.newsroom.co.nz/2019/12/1...milk-processor
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  9. #229
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    Not a huge increase.....but not down either. And volumes OK
    https://www.nzherald.co.nz/business/...ectid=12323370
    "Dairy prices lift for first in five auctions"

    Combined with an attractive exchange rate...got to be good news for Fonterra etc.

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    Solid performance of Fonterra despite Covid19.

    Annual Results Summary
    • Final cash payout for 2019/20 season: $7.19 per kgMS
    o Final 2019/20 Farmgate Milk Price: $7.14 per kgMS
    o 2019/20 dividend: 5 cents per share
    • Reported Profit After Tax: $659 million, up $1.3 billion
    • Normalised Profit After Tax*: $382 million, up $118 million
    • Total Group Earnings Before Interest and Tax (EBIT): $1.1 billion, up $1.2 billion
    • Total Group normalised EBIT: $879 million, up $67 million
    • Total Group normalised gross profit: $3.2 billion, up $200 million
    • Total Group normalised operating expenses: $2.3 billion, down $14 million
    • Free cash flow: $1.8 billion, up $733 million
    • Net debt**: $4.7 billion, down $1.1 billion
    • Debt to EBITDA ratio: 3.4x improved from 4.4x
    • Full year normalised earnings per share: 24 cents
    • 2020/21 forecast Farmgate Milk Price range: $5.90 - $6.90 per kgMS. Mid-point of $6.40 per kgMS
    • 2020/21 forecast earnings: 20 – 35 cents per share

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