ALF - Allied Farmers Limited

[Out to lunch]

To be clear, ALF get paid out on the PwC claim (settled Aug 17) and/or the Directors claim (Feb18 trial). So as percy said you'd hope the PwC money won won't get fully spent on a failed Directors claim.
Looks like Vero was behind PwC's insurance, I wonder who is behind the Directors indemnity insurance.

Also on the opco, interesting read from PGW's 31/8 announcement around the sector, sheep numbers down but strong dairy confidence. No comment on beef. Also I wonder the impact of Mycoplasma Bovis on farmer confidence in buying dairy or even beef herds. Dairy farmers would be rightfully overly-cautious buying stock that were close to the affected farm. Definition of "close to the affected farm" would be different for each farmer: Chch farmers would avoid South Canterbury/Oamaru stock, SI west coast farmers would avoid the SI east coast stock, and north island farmers would avoid south island stock.