Touche.........................haha love it!
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Suggestions please on how the Fonterra saga will play out.
My view is a reduction next year in the payout to farmers, following on from this year of drought.
Which will result in farmers needing a bit of finance.
Better word the letter very well else the small shareholders might get the impression they are not wanted
There's an awful man who wants to steak your shares but we know you don't really want to sell them but anyway let us buy them anyway a a fair ( but hugely discounted) price because we are good guys. Wil they wonder if they are being conned again? What's the trap?
Might be a proactive exercise but just doesn't seem to send the right message to shareholders.
Good god ....documents hardly plain English are they?
I think the letter is worded rather well, and no they are not buying them at a hugely discounted price.
HNZ are not buying the shares. Rather they are pooling them and placing them on the market so the shareholder avoids brokerage fees.Quote:
The price per Share which you will receive for your Shares will be determined by dividing the total proceeds of the Shares sold under the Plan on the day on which your Shares are sold by the total number of Shares sold under the Plan on that day.
Yeah I got that bit but after being bombarded with unsolicited offers to steal your shares here is another unsolicited offer to take the shares off your hands ...at market price.
The hugely undervalued comment was winding Percy up.
So mrs jones thinks she needs to accept this unsolicited offer because it has come from the company and is heaps mor official looking and gets hnz to broker the sale of them. In a few months time they go to 1 dollar ....mrs jones will not be happy will she ...when selling wasn't even on her mind.
Very Noble but the maximum of 10,000 seems a bit high. Brokerage costs are reasonably efficient at that level.