Hi PT, my guess is that HNZ had already provided for this in their half yearly accounts to Dec 2013. So it will NOT adversely affect the P&L. The receivers were appointed in July 2013 and it seems that HNZ is the one putting them into receivership.
http://www.business.govt.nz/companie...D8%26limit%3D1
The insolvencies reports are here too
http://www.business.govt.nz/companie...tart=0&limit=1.
Percy, still a 50/50 chance for free beer. It should not affect the SP as far as Insto or big investors are concern as there should be no further effect on P&L.