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Thread: FSF - Fonterra

  1. #111
    ShareTrader Legend bull....'s Avatar
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    Fonterra CFO Marc Rivers rejects foreign ownership talk

    https://www.stuff.co.nz/business/far...ownership-talk

    gee if they just listed the value add on the nzx while retaining majority control and raising the much needed capital they wouldnt have to be in such a weak financial position
    one step ahead of the herd

  2. #112
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    Quote Originally Posted by bull.... View Post
    Fonterra CFO Marc Rivers rejects foreign ownership talk

    https://www.stuff.co.nz/business/far...ownership-talk

    gee if they just listed the value add on the nzx while retaining majority control and raising the much needed capital they wouldnt have to be in such a weak financial position
    Given the share price performance of FSF over the past couple of years, is that viable? Would you be buying?

  3. #113
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    Instead they intend to cash up and cut back to reduce debt by $800m.
    I like the sound of some of what they are doing, but I am not sure that they have learned their lesson about reputational damage by dabbling with dodgy partners overseas.

  4. #114
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    Behind paywall on NBR online today, headline says it all...
    No relief for Fonterra as Beingmate issues profit warning....


  5. #115
    Senior Member Marilyn Munroe's Avatar
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    There is an article on the site interest.co.nz talking up Kiwi investment in Indian dairy, where Kiwi methods would reward investors with rivers of cash no wurries.

    https://www.interest.co.nz/rural-new...there-too-even

    But then; "Why big dairy companies struggle in India."

    https://www.youtube.com/watch?v=4mBiFEspcIM

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  6. #116
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    Oh dear ...no dividend this year ....probably upset many

    But not surprising when you write off $850m ..eventually facing up to the inevitable

    http://nzx-prod-s7fsd7f98s.s3-websit...912/305073.pdf
    Last edited by winner69; 12-08-2019 at 07:44 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #117
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by winner69 View Post
    Oh dear ...no dividend this year ....probably upset many

    But not surprising when you write off $850m ..eventually facing up to the inevitable

    http://nzx-prod-s7fsd7f98s.s3-websit...912/305073.pdf
    farmers will be upset , but comes as no surprises to us eh winner. sooner farmers wake up to the fact they need to raise capital to solve there problems the better. cant understand how they dont get it about listing 49% and retaining 51% means they still have control of fonterra.
    one step ahead of the herd

  8. #118
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    Quote Originally Posted by bull.... View Post
    farmers will be upset , but comes as no surprises to us eh winner. sooner farmers wake up to the fact they need to raise capital to solve there problems the better. cant understand how they dont get it about listing 49% and retaining 51% means they still have control of fonterra.
    ATM should have shone a light in the last few years of what they need to do - put in market discipline on the directors and managers - rewards only if they perform.

    I know a few Fonterra executives and it staggers me how much they are paid for what they do.

    I wonder how shareholders and farmers feel if they know that Fonterra is paying interns over $100k a year?

  9. #119
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    This shouldn't be a surprise to anyone paying attention. Fonterra has suffered from performance and governance issues for years which had left the co-op retaining little of its earnings. It was basically just acting as a vehicle for farmers interests and supporting pricing.

    It's international competitors have far outperformed Fonterra.

  10. #120
    Senior Member Marilyn Munroe's Avatar
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    Can anyone point out a farmer owned co-operative which knows what it is doing?

    Boop boop de do
    Marilyn
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