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Thread: FSF - Fonterra

  1. #41
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    Quote Originally Posted by Dr_Who View Post
    Fonterra and other NZ entities have dairy farm interest in China and other parts of the world, so what reasons can we give the Chinese that they cant buy the farms in NZ? Abit hypocritical of us.

    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 !!!

  2. #42
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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.

  3. #43
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    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 ?
    Last edited by whatsup; 01-12-2017 at 12:43 PM. Reason: fat fing@r

  4. #44
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    Quote Originally Posted by whatsup View Post
    A HUGH 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 ?
    Who is Hugh?

  5. #45
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    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.

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    What I can't figure out is why FSF is up 4c today !
    Wished I had been at home, may have sold.
    Outstanding.

  7. #47
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    Quote Originally Posted by peat View Post
    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.
    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

  8. #48
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    Quote Originally Posted by RTM View Post
    What I can't figure out is why FSF is up 4c today !
    Wished I had been at home, may have sold.
    Outstanding.
    Punters know what they up for now so brings certainty about the future ....relief

    Reduces this years divie but doesn’t affect future years

    Will reported as an abnormal item ...normalised still looking pretty good
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #49
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    Quote Originally Posted by RTM View Post
    What I can't figure out is why FSF is up 4c today !
    Wished I had been at home, may have sold.
    Outstanding.
    RIM, a very good out come the judgement could have been much more ie $500 PLUS !!

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    Whatsup and Winner, lucky I wasn’t home then!
    Thanks.

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