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Kerry Co-op Shares

  • 15-02-2015 04:10PM
    #1
    eok56
    Registered Users, Registered Users 2 Posts: 72 ✭✭


    I have some shares in Kerry coop, They are there for years (back since the days of Golden Vale) I dont follow them and most of the time forget about them but I am really strapped for cash at the moment, its a short term issue but I need some extra cash asap..
    Would cashing in a portion of these be a very bad decision?


Comments

  • #2
    Sonnenblumen
    Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    Does anyone know when it may rain next and if so do you think it a good idea to buy an umbrella now?


  • #3
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    great idea and charge who ever will buy them between 180 and 200 euro a share


  • #4
    ciotog8
    Registered Users, Registered Users 2 Posts: 55 ✭✭ciotog8


    Does anyone know if there is a conversion for Kerry co op shares this year


  • #5
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    ciotog8 wrote: »
    Does anyone know if there is a conversion for Kerry co op shares this year

    I have no idea anyway whether Kerry co-op will convert shares or not this year.

    I have the novena book out praying for a share exchange :-)

    I have feed bills to pay. Am now sorry I did purchase all feed and Fertilizer from Kerry Agribusiness and ask them to take the payment from the €480 book value per share my CoOp shares ate worth, not the comical market value of the shares today.

    The shareholders appear to want a share exchange but the 28 Kerry Co Op Board need the dividend income from the Group shares to pay their > €700k per annum expenses ;-)

    Am not sure it's in the Kerry Co Op Boards interests to thus reduce the shareholding further.
    The whole Kerry CoOp structure for both supplier and shareholders is currently disfunctional.
    The Directors are currently the only winners in this protracted structure drags on.


  • #6
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    Does anyone have any update on the Arbitration between Kerry Group and the Investment Holding company called Kerry co-op who happen to have some milk suppliers to Kerry Group as shareholders?


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  • #7
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    If its going on this long to arbitrate banner someone of them must be digging in the heels and not budging,WHO'S IN CONTROL IS AT STAKE HERE TOO!!


  • #8
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    fepper wrote: »
    If its going on this long to arbitrate banner someone of them must be digging in the heels and not budging,WHO'S IN CONTROL IS AT STAKE HERE TOO!!

    The Farming Newspaper I buy weekly were critical of Kerry Group for pushing forward quickly as it said to Arbitration... With the Co ops track record on the "Strategic Review" (that is costing us shareholders hundreds of thousands some 3 years later), it's a relief Kerry Group did push it on as otherwise the Arbitration result may slip out to 2019.... Based on the track record of the co op in getting results closed.


  • #9
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    In reality,the coop are not being re-presented at the arbitration process anyway as they have no issues with the plc,its the plc milk suppliers only


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