Don't think Heartland will ever be in Pax Ellevate Global Women's Index Fund
Well done Ryman anyway.
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Don't think Heartland will ever be in Pax Ellevate Global Women's Index Fund
Well done Ryman anyway.
Believe it or not people can live quite comfortably on $100K.
To rephrase your question and make it more relevant, if a client was making $200K per annum and for the last two years lost $200K per annum, believe me there is real pressure on all costs including their professional fees. Many accountants to their credit have been helping clients for free to do their best in the dairy industry to restructure their operations.
Meanwhile Fonterra exec's, nearly 100 of them on over $500K keeping sucking at the teat relentlessly. I suppose they deserve such great pay for making everyone else's life a misery including drivers, contractors, engineers and not too forget the farmers themselves. Why haven't they shifted to more value added exports year's ago...that's the real question !
But bringing this full circle, if Fonterra weren't so grossly inefficient then banks wouldn't be looking at so many distressed customers. Maybe if Fonterra were a highly efficient operation they wouldn't need to "lend" an extra 50 cents per kg as a one-off, it would be built into the pay-out every year !!
http://a.msn.com/r/2/AAgxVi9?a=0&m=en-nz Thankfully at least it looks like Bill English has a decent handle on reality.
JT - I recommend Maxwell winches for the upgrade..best way to retrieve that floating anchor of yours.
"Why haven't they shifted to more value added exports year's ago...that's the real question !"
Fonterras strategy is to be a big player in the dairy commodities market. Value-added product doesn't feature too highly in this strategy. Commodity export is, after all, the mainstay of the New Zealand economy.
It is a valid strategy, but it is a high risk strategy. It necessitates being a price taker, not a price maker.
Part of the reason for the strategy is that New Zealand doesn't have any branded products. We can probably all name a few French cheeses, and a few Italian cheeses, but how many New Zealand cheeses are there?
I suspect that there's a large part of the world which would consider New Zealand Camembert on a par with Turkish Cognac.
This isn't the Fonterra thread but the real answer to the "real question" boils down to the fact that Fonterra is a co-operative and that it is structured to pay its owners, the dairy farmers, primarily based on the quantity of milk produced. That's the incentive, not maximising value-added products.
Sharemilkers in negative equity
http://www.stuff.co.nz/business/farm...+10+March+2016
All that good news this week been good for Heartland shareprice
Up to $1.22 - think it was $1.17 last week so 4% increase a great result
All going to plan,we are on a roll
We sure are doing alright with the 92% not exposed to dairy and cow beef may be getting cheaper at the supermarket/ butcher, good for consumers , heart wrenching for some farmers/sharemilkers.
For the record.
Thank you Mr.Wheeler for lowering the official cash rate.
Not only has it helped my HBL holding, with people chasing HBL's growing imputed dividend,but has also helped all my exporting holdings, which will benefit from a lower NZ $.