Kerry Co Op Shares

If they want to keep people's money and put it towards a new venture then those people should have a vote on it. How is it fair to any C shareholder to have no say in their money being put into a venture they most likely don't want. It makes little sense to have them involved.

It looks like Kerry coop will still exist and they'll run KDI as a additional company.

KerryCow, you’re trolling, plain and simple.

Claiming this deal will be voted down, then suggesting buying the dairy business outright with a spin-out ratio of 4.3, is beyond absurd. Every single B shareholder would vote against it, and the vast majority of A’s would too. It wouldn’t just fail—it would be obliterated by 99%, and you know it. You’re just here to wind people up.

I know one guy voting no to this. A friend of mine was drawing silage for him a while back, and the man couldn’t even pay the few quid he owed. My friend called three times for the money before giving up. Some lads should focus on taking the 5.4c/L top-up and sorting out their bills rather than trying to block this deal.

As for the 1c/L levy, let’s do the math: say a farmer has 40 years of milking ahead of him. He pays the levy for 5 years but earns an extra 3c/L for the next 35 years. That’s a return of 20 times the initial investment. Any young farmer with sense would jump at that—it’s called investing in your future.

If this is defeated the C shareholders could eventually face getting €1 for their shares

In response to Kerryman15

Yes all day long

Ftm you are all positive about this deal ,

Living in the real world , things don’t always go according to a plan that was structured on paper to succeed ,

Paper never refuses ink .

The plc has been eyeing up a sale 5 years ago ,

They know what the buyer need to see ,

The profits in KDI are not in line with similar operations in other area ,

Google it yourselves ,

Only glanbia with their massive milk pool can match kerry ,

Something not adding up there .

You can spin it what ever way you want , but if the new KDI can’t pay a price higher than it competitors , and if the pool shrinks , then it’s a sinking ship .
in a business plan you always have to forecast for things not been as good as predicted , stress test it ,

If KDI profits are imo closer to 30m after tax and interest , then this ship is taking water immediately ,

You believe it will float ,

I believe it will flop .
Look around at the other processors profits , Kerry is nothing special , and in Kerry’s profit , they have under paid the milk suppliers , so take that off there bottom line ,

net profit is what is left to fund this project and forget these EBITA equations ,

Guys need to step back from this one and reflect ,

Do you really want to be in charge of a sinking ship ,

We need a new buyer , shore up with them if necessary , get on their boards , have control that way, with an entity that has a proven record .

If milk buyers emerge out of the long grass and hoover up the suppliers that don’t want this deal , then the KDI ship will sink faster ,

Natural retirement , nitrates pressures , inflation eroding the herds ,causing more Dairy to go , and milk leakage to other suppliers ,

just look at the facts lads,
I am not making this up .
The outlook is bleak the amount of aging kerry farmers is huge with very little young generation coming in .
all is not rosy in the garden IMO

we need to go to another milk buyer .
the plc need to come back to the farmers ,

Settle our arbitration ,

Give us a new contract and then sell us with the steel to another buyer ,

And get milk suppliers to vote on their own destiny ,

They know who we are .
we don’t need kerry co op

And the B and C share holders don’t want them either ,

If milk suppliers were given this option , I think they would take it

The more I think about this deal the more it stinks of Kerry group greed.

The reality is that Kerry group want out of milk processing but they also see a large pot of wealth controlled by Kerry CoOp and they see an opportunity to get their hands on some of it. They claim that a few remaining dairy food brands that are going with it are worth 350 million but I would imagine if they could have offloaded them for that value they would have done so long before now. They realize that there is no other victim for the milk processing other than the CoOp who are desperate to keep themselves relevant.

If this goes ahead it is a win win for Kerry group, They get out of milk processing and having to deal with "complaining farmers" and still get access to dairy ingredients and get a pot of money also.

Vote this down and take our chances.

We have a valuable asset in our milk pool and other better opportunities will come along.

If the A’s were to buy it on their own they’d only end getting a share ratio of less than 3 PLC shares per co-op share, they’d be wasting everyone’s time putting that to vote. That’s the height of nonsense. 85% for the B’s & C’s & shares in a new company is the only show in town, there’s literally no alternative to what’s on the table

What do you want to happen Ginger22? What’s your idea of a better alternative?

Work away as we are and see who is more desperate, Kerry Group or farmers. I didn't go broke for want of their "top up".

They will need to come back with a new contract in 2026, see how that goes for them.

A lot of you here are making emotional decisions instead of rational business ones.

Some of you have mentioned that you’re milk suppliers who’ve already disposed of most of your co-op shares. For those in that position, let’s break this down: €251 million of other people’s money is being used to buy this JV, and you’re getting 80% of what you think is the maximum you could ever get out of arbitration.

Now, let me put it another way. Imagine, God forbid, you’re in a car crash today and you break your leg. Your solicitor tells you the maximum you might get in court is €100,000, but you’re being offered an €80,000 settlement upfront. And they also tell you that going to court could take four years, and you might lose the case entirely. You’d have to be out of your mind to turn down the €80,000.

As for those claiming the brands are worth nothing and we should “take our chances”—let’s look at the facts. Kerry sold its consumer foods division and brands for €819 million, and that business had profits similar to KDI. Now we’re getting a business with comparable profits, and yet some are trying to tell you this is a bad deal? It’s nonsense.

People are being completely blinded by emotion here. This isn’t about feelings; it’s about the cold, hard facts.

And to those saying, “There’ll be another bite of the cherry…” 🤦‍♂️🤦‍♂️🤦‍♂️ This is the other bite of the cherry. Back in April 2021, the deal was as good as done. The co-op got hammered with backlash because they couldn’t hold a shareholder vote due to Covid, and it came out they were planning to buy without approval. All hell broke loose, and in the end, they offered less than the agreed valuation just to save face.

Honestly, some of you deserve the consequences of a no vote because you’re letting emotion and misinformation dictate your decision. The rest of us, unfortunately, will be dragged down with you.

I did nt say kerry cooked any books. ,

I said they knew 5 years ago that they would exit now .
and as shrewd business minded that they are , they focused on turning over maximum profit for the last 3 years ,

But in reality you can’t sustain a business without reinvesting and that compared to the other profit the other competitors are achieving as industrial norms , we can not float the boat with a net profit of 30 m

to could look at it 2 ways

Either the shareholders buy this outright as they already indirectly own it ,

Or the shareholders should be released out altogether .

If it can not be sustained by the milk suppliers on their own , then it shouldn’t be a runner .

I am glad you have admitted you connection to the top .
and your right , I am not a threat to anyone . My days of milk my few cows are limited , but I do wish the next generation success if Dairy is what they want , it’s a difficult living financially in the west but rewarding in quality of life ,

I don’t think discussing options should be such a issue to anyone , everyone should be heard ,

What is so special about Kerry milk processing that makes it so valuable that it justifies spending 500 million to acquire it.

Shurely it makes more sense to amalgamate kerry milk pool with other processors. Isn't this the way Kerry group have grown to what it is today. Benefits of scale and all that.

In our parish I don't think there is any supplier now supplying less than 500,000 litres and some up to 2,000,00 million litres.

No problem filling a milk tanker in a few pickup's.

remember that 5.4c is only on quota milk plus 20% not on all the milk we supplied