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Milk Price- Please read Mod note in post #1

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Comments

  • #8732
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    milkprofit wrote:
    How low can Glanbia GO ?????????? can they beat fontera


    You should change your username!


  • #8733
    wats the craic
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭wats the craic


    whelan2 wrote: »
    how many days left on the f*cking msa's? You can bet if they were no contracts they wouldnt be carrying on like this

    when did you sign yours it runs for five yrs from the date you have signed it . if i was you get out of that place the sooner the better


  • #8734
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    wats the craic wrote: »
    when did you sign yours it runs for five yrs from the date you have signed it . if i was you get out of that place the sooner the better
    What are strathroy paying?


  • #8735
    castletrader
    Registered Users, Registered Users 2 Posts: 162 ✭✭castletrader


    26c


  • #8736
    Waffletraktor
    Registered Users, Registered Users 2 Posts: 2,445 ✭✭✭Waffletraktor


    castletrader wrote: »
    26c

    Does exchange rate have much effect on price for strathroy?


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  • #8737
    wats the craic
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭wats the craic


    whelan2 wrote: »
    What are strathroy paying?

    not set for this month yet . our group committe prob negotiating the price over the next few days . are you in any of the fixed schemes


  • #8738
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    wats the craic wrote: »
    not set for this month yet . our group committe prob negotiating the price over the next few days . are you in any of the fixed schemes
    yes I am in a few of them but feck all of an allocation in any of them


  • #8739
    wats the craic
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭wats the craic


    whelan2 wrote: »
    yes I am in a few of them but feck all of an allocation in any of them

    did you have to sign a new msa for them


  • #8740
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    wats the craic wrote: »
    did you have to sign a new msa for them
    no. I am being very careful when every thing runs until. Dont want to be there a day longer than I have to.


  • #8741
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    whelan2 wrote: »
    how many days left on the f*cking msa's? You can bet if they were no contracts they wouldnt be carrying on like this

    Not sure the exact details of the Glanbia msa but the Dairygold msa requires that you give 2 years notice if you want to leave. So in effect if you leave it until the five years are up before you give notice to leave, then infact it is a seven year contract. IMO anyone 3 years in to the contract should now be handing in their notice if they are planning on leaving when their five year sentence is up. Otherwise you could risk having to put up with an extra two years. Also if enough people were to hand in their notice. Maybe it could be exactly what is needed to make these people realise who pays their salaries.


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  • #8742
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

    On what terms are the bonds exchangeable / convertible by the lender against the plc shares?


  • #8743
    OverRide
    Closed Accounts Posts: 665 ✭✭✭OverRide


    kowtow wrote: »
    Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

    On what terms are the bonds exchangeable / convertible by the lender against the plc shares?
    No details..
    You can be sure there's a cost though
    Nothing is free


  • #8744
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    kowtow wrote:
    Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

    kowtow wrote:
    On what terms are the bonds exchangeable / convertible by the lender against the plc shares?


    That will be kept confidential I reckon in case the stupid farmers figure it out!


  • #8745
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    kowtow wrote: »

    On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

    At the drop of a fcuking hat kt. No point in messing around. Co-op shareholding must be diluted as fast as possible.


  • #8746
    fepper
    Closed Accounts Posts: 2,432 ✭✭✭fepper


    freedominacup wrote: »
    At the drop of a fcuking hat kt. No point in messing around. Co-op shareholding must be diluted as fast as possible.

    And Kerry coop need to do the same


  • #8747
    pedigree 6
    Closed Accounts Posts: 4,559 ✭✭✭pedigree 6


    kowtow wrote: »
    Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

    On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

    If you're with davy's stockbrokers you might have access to that?
    All I can see from looking around is -
    Glanbia co-op is giving 1.5% of it's 36.5% share in plc as a guarantee against the bond.
    Not sure if it's the same bond but other websites say glanbia applied for a $100m yes $ and the coupon is 1.375% 2 times per year.
    The exchange price of the bond was set at E23.26.(Not sure if that is what the bond is selling between traders at the start?)


  • #8748
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    http://theglobaldairy.com/noticias/danone-raises-guidance-on-china-growth-47390/


  • #8749
    pedigree 6
    Closed Accounts Posts: 4,559 ✭✭✭pedigree 6


    Milked out wrote: »
    http://theglobaldairy.com/noticias/danone-raises-guidance-on-china-growth-47390/
    Rte putting it down to a new broom and cost cutting and new products in china.
    http://www.rte.ie/news/business/2016/0614/795410-danone-update/

    Edit: I wonder did they get the money they were claiming from Fonterra.


  • #8750
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    pedigree 6 wrote:
    If you're with davy's stockbrokers you might have access to that? All I can see from looking around is - Glanbia co-op is giving 1.5% of it's 36.5% share in plc as a guarantee against the bond. Not sure if it's the same bond but other websites say glanbia applied for a $100m yes $ and the coupon is 1.375% 2 times per year. The exchange price of the bond was set at E23.26.(Not sure if that is what the bond is selling between traders at the start?)


    I'll look at the market feeds tomorrow if I get a moment, think it was a private irish offer so may not be on the major wires.

    What's the current plc eur share price? The conversion will allow one share to be exchanged for 23.26 of the outstanding bond, but whether at the buyer issuers option and for how long is the question.


  • #8751
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    Farmer Ed wrote: »
    Not sure the exact details of the Glanbia msa but the Dairygold msa requires that you give 2 years notice if you want to leave. So in effect if you leave it until the five years are up before you give notice to leave, then infact it is a seven year contract. IMO anyone 3 years in to the contract should now be handing in their notice if they are planning on leaving when their five year sentence is up. Otherwise you could risk having to put up with an extra two years. Also if enough people were to hand in their notice. Maybe it could be exactly what is needed to make these people realise who pays their salaries.
    contracts run from 1st of January 2015 for 5 years, even though they were signed in June 2014(for 5 years) that in itself is annoying as the contract is 5 and a half years long not 5 years iykwim. Notice to leave can be given from 1st january 2017 ..................


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  • #8752
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    I think things are bottoming out but we ll wait and see


  • #8753
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    whelan2 wrote:
    contracts run from 1st of January 2015 for 5 years, even though they were signed in June 2014(for 5 years) that in itself is annoying as the contract is 5 and a half years long not 5 years iykwim. Notice to leave can be given from 1st january 2017 ..................

    Will there be a mass exodus, or will prices rise/spin out talk approaching 17?


  • #8754
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    kevthegaff wrote: »
    Will there be a mass exodus, or will prices rise/spin out talk approaching 17?

    I will be gone there's only so much crap one can take


  • #8755
    wats the craic
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭wats the craic


    whelan2 wrote: »
    contracts run from 1st of January 2015 for 5 years, even though they were signed in June 2014(for 5 years) that in itself is annoying as the contract is 5 and a half years long not 5 years iykwim. Notice to leave can be given from 1st january 2017 ..................

    ya have less than 6 months so ......


  • #8756
    RightTurnClyde
    Registered Users, Registered Users 2 Posts: 2,143 ✭✭✭RightTurnClyde


    whelan2 wrote: »
    I will be gone there's only so much crap one can take

    Whelan, you can be sure, when the time comes to renew the MSAs, they'll put a few cent on the litre in months leading up to it to top the league, run a few busses down to Bellview, to show us the glorious success it is, a couple of meetings with free tea and sandwiches . Then watch the farmers queue up to sign again.


  • #8757
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    RightTurnClyde wrote: »
    Whelan, you can be sure, when the time comes to renew the MSAs, they'll put a few cent on the litre in months leading up to it to top the league, run a few busses down to Bellview, to show us the glorious success it is, a couple of meetings with free tea and sandwiches . Then watch the farmers queue up to sign again.
    not here any way, an elephant never forgets :o


  • #8758
    whelan2
    Registered Users, Registered Users 2 Posts: 30,789 ✭✭✭✭whelan2


    wats the craic wrote: »
    ya have less than 6 months so ......
    until I give my notice of 3 years...................


  • #8759
    stretch film
    Registered Users, Registered Users 2 Posts: 1,067 ✭✭✭stretch film


    whelan2 wrote: »
    until I give my notice of 3 years...................

    You could be a contracted supplier of liquid milk to a UK multiple if the brexit polls are accurate :)


  • #8760
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    whelan2 wrote: »
    not here any way, an elephant never forgets :o



    Seriously can you imagine what effect a large number of farmers handing in notice to leave on January 2017 would do? They may be still trapped for 3 years but the prospect of losing a big pool of milk in 3 years would surely put manners on the nobility. Would be no harm to remind them who is keeping the shirts on their backs.


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  • #8761
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    Farmer Ed wrote: »
    Seriously can you imagine what effect a large number of farmers handing in notice to leave on January 2017 would do? They may be still trapped for 3 years but the prospect of losing a big pool of milk in 3 years would surely put manners on the nobility. Would be no harm to remind them who is keeping the shirts on their backs.

    Ever think the plc might just go"thay thay".dont think the plc is that bothered about it now


This discussion has been closed.
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