Sheesh New Zealand famous for it's milk production yet Synlait and ATM in big big trouble. Wouldn't want to own either at this point. And the 3rd milk co on the NZX, Fonterra, I have no interest in even looking at that as an investment given the troubles the other two milk co's are having. Sad!
How many senior exec's have quit or been fired in the last few months now ?, sorry I have lost count.
Has all the "C" suite gone ?...like rats abandoning ship before it sinks ?
What exactly are they going to be doing when ATM shifts as much IF production to MVM as it can ?
Last edited by Beagle; 14-05-2021 at 04:30 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
How many senior exec's have quit or been fired in the last few months now ?, sorry I have lost count.
Has all the "C" suite gone ?...like rats abandoning ship before it sinks ?
What exactly are they going to be d6oing when ATM shifts as much IF production to MVM as it can ?
I was wondering if the CFO had had enough of the environmental and social stuff and wanted to get back to trying to improve profitability and shareholder returns. This unfortunately necessitated a change of employers. Also the tag of "Not price sensitive" is an interesting one to place on the CFO leaving!!!!
A more obvious conclusion is the senior leadership team decided the cfo was not competent enough and acted ,as they should .
But agree the p c greener native fauna bull is not important to shareholders and profit is .
I was wondering if the CFO had had enough of the environmental and social stuff and wanted to get back to trying to improve profitability and shareholder returns. This unfortunately necessitated a change of employers. Also the tag of "Not price sensitive" is an interesting one to place on the CFO leaving!!!!
Market sure didn't see it that way taking it down 2.6% to a fresh multi year low. Interesting times for Synlait. So if my memory serves me correctly, (and I'm not sure it does) we've had the chief of operations or some such similar title leave, followed by the CEO and CFO. The mind boggles as to what the culture of the place is like now ...not with a 40th foot barge pole...Penno's got quite a mess to clean up that's for sure !!!
Last edited by Beagle; 14-05-2021 at 08:57 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by winner69
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...not with a 40th foot barge pole...Penno's got quite a mess to clean up that's for sure !!!
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