Kerry Co Op Shares

question I have is the 5.4 cent be linked to signing a new contract ?

Where are these draft contracts anyway , they surely must have a plan if they are committing to this proposal , show us a draft contract of milk supply

Doesn't look as rosey so given where kerry have been this year and the last few years

The B shareholders are being asked on behalf of milk suppliers to approve or not the purchase of milk processing facilities and the acceptance of leading milk price settlement none of which is of no benefit to them...A shareholders should vote separately for this proposal 1st and if approved then A and Bs shareholders approve it or not fully on Dec 16th

It's jungle rules, the biggest Lion eats first and so on. The PLC created the wealth, they're dividing the cake and that's it as they see it.

The only thing is people don't like to be dictated to, maybe they'd right to be seen to play fair when they were drawing up the deal rather than winning at every corner.

I see huge challenges ahead for KDI, as well highlighted. Most co-op boards are out if their depth., a lot of the current management are halfway out the door, and one can be sure the PLC haven't left a young Denis Brosnan after them stuck in this corner of the business.

Time will tell.

Sorry I don't trust it until I see it on document from co op. This should have been provided in documentation sent out.. it hasn't.. the plc shares owned by the co op need to also be explained better. While boards is good for discussion the co op board should not be relying on boards to get this over the line. My advice to shareholder will be vote no... as another vote will get a better deal since plc want out and a plan needs to be put in place to exit all the b and c shareholders..rather than take a plc share from them to invest in a business they have little or no interest in

It's a pity, for the sake of 7 million they couldn't pay the topup on all milk. They have already set a precedent by paying it on all milk the last time.

It's not that simple. They bought and processed all the milk as they promised to do. Also they set a legal precedent by paying the topup on all milk the last time.

Anybody attend any of the meetings so far, is there a lot of new information being shared?

What was the mood in the room like?

I think it was the quota + 20%. Anything in fixed price got no top up

In

I was honestly surprised—pleasantly surprised—by how positive the mood in the room was from what I personally witnessed.

The only opposition came from two former directors, and let me tell you, it was a sight to behold.

The first guy came armed with what can only be described as a short novel. He starts reading it out, and within a minute, the room had completely tuned him out. People were openly chatting to each other while he kept plowing through his pages. After about 15 minutes, someone finally stopped him, and guess what? He still had four more pages to go. He’d already rambled about heifers, mastitis, EBI, fathers, sons, marts, mart auctioneers—you name it. It was genuinely cringe-worthy watching the man embarrass himself like that.

Then the second former director got up, and if you thought the first guy was bad, this one outdid him with even more outrageous nonsense. Toward the end of the meeting, another shareholder finally shut him down, and rightly so. The shareholder absolutely buried him alive, and it was fully deserved! 😂😂

And then there’s the story of the other guy—one of the main men buying co-op shares on the grey market for his private pension fund. Fair play to him for making a killing out of it, but his gravy train is finally pulling into its last stop, and he’s taking it badly 🤣🤣. From what I hear, he’s not a big fan of the JV and has been coming out with all sorts of wild claims lately. I haven’t seen him speak yet, but by all accounts, he’s been letting his feelings be known.

To be fair, he got five good years out of his Cash for Shares pension scheme. I like the guy, but let’s be honest—he’s codding no one. 😂😂

What's the grey market price at the moment?

I genuinely worry about how so dairy farmers manage there business. Maybe it also answers the question why some dairy farmers costs are out of control. You may not be a dairy farmer but you came from that genetic stock. Are you serious or did you read his post at all or is this a windup

251 million is 46% of 540 million the total value of the A shareholder share value

They would get 6.15 share per co-op share. 46% of 6.15 is 2.83 share. Add in stamp duty etc which is being paid out of the cash reserves of the co-op and and you at about 3 shares per A share holders.

I going to ask a question and I am not intending to be insulting but did you skip maths classes completely in school

So they put in the 251 million, which is 46% of their total holding, and they have 54% of their coop shares remaining worth 289 million. They're still worth 6.15 PLC but they now just have around half of the number they previously had because they've purchased a milk processing operation. How are they losing anything? Their money is now split between owning a milk processing operation and shares in the coop. They haven't suddenly lost half of their money, it's just invested in different things. They would then be the only shareholders in the new venture and could reap all the rewards.

I suppose you could make the argument that all shareholdings in the coop at some stage supplied milk to the coop ...that was the original commitment to putting the coop in place.... whether you continued to supply or not as a shareholder doesn't change that commitment.

Stay awake now.