Kerry Co Op Shares

There will be none for the first 5 years anyway IMO. Basically dry shareholders are investing to get access to the rest of there shares. The dairy business will be controlled by active dairy farmers by 5 years time. There will be a push after the deal is complete to give shares in lieu of the cent a liter contribution for the next five years. It should be part of thr next milk contract.If milk production stays up at 2.1 billion L it's over 600k new shares at 90/ share.

"A" shareholders already own nearly 50% of the shares. Presently there is slightly over 3 million old co-op shares. Adding 600k to that would give dairy farmer control ofvtge entity. Shares in the new vehicle would only trade on a grey market and as they are not liquid or paying a dividend they be bought for 20-50% of the orginal investment. However if you sold in quanties using your annual tax exemption it would soften the blow.

Henry Walsh disagrees with both of you basically you are trying to get a significant number of people to vote for a better deal that may never happen. A bird onntgevhand is worth two.in the bush. This is a good balanced deal. If it fails to be accepted there is no guarantee of another bite of the cherry

The Kerry coop shareholders getting the plc shares are delighted Kerry plc will be winners more so than with Kerry coop

What’s winding me up most of all right now is the failed former directors.

Let me paint a picture of how things used to work in my own area: if you wanted to win a co-op election, it wasn’t about intelligence, hard work, or qualifications. No, it was about going around at Christmas with bottles of whiskey and boxes of chocolates, handing them out to anyone with a vote. That’s how these failed directors secured their positions—not by merit or ability, but by playing the game and buttering people up. That’s the reality of how things were not so long ago. Let me be crystal clear—it’s no longer the case now, but that’s exactly how these people got themselves onto the board of a multi-billion-euro company.

And now, these same failed directors are running around claiming KDI is only worth €250m, not €500m. Yet not one of them has been able to explain how they’ve arrived at that figure. Not one. It’s pure fantasy. It’s no different than when Fianna Fáil and Fine Gael said they’d build 30,000 houses per year, so Sinn Féin decided to double it and promise 60,000. No plan, no details, no explanation—just pluck a number out of thin air to suit their agenda. The same nonsense applies here.

Pilgrim Foods paid €819m for Kerry’s consumer foods division just a couple of years ago, a business with a similar EBITDA to KDI. And we’re getting KDI for €500m. That’s a fact. Anyone claiming KDI is worth only €250m is either completely clueless or deliberately trying to mislead people because they can’t stand the thought of milk suppliers, shareholders, and young farmers getting on and doing well.

It’s time the failed former directors stayed quiet and let progress happen. Their baseless arguments are doing nothing but holding us back. The days of buying influence with chocolates and whiskey are over. The co-op deserves better, and so do its members.

Projected Profit Kerry dairies this year 73 million. The PLC is selling for less than 7 times earnings. However tge way tge deal is structured between share buy back and cancellation of shares, lending 50ish million at a favourable rate and retaining 30% for 10 years the deal is effectively nearer to 400 million in real term.

Is it of benefit to Kerry PLC yes, howeits a good deal for A shareholder and dairy farmers in general. As Henry Walsh wrote if this deal is not accepted he thinks they will sell elsewhere.

The shares have to be spun out at some stage No share holders want the holding to go below 5% to trigger a tax event. This is as goid as it gets for the .ajorof shareholders.

Looking at the figures it's not exactly a great deal for the PLC. In reality they are selling for less than 6 time earnings. Show me a similar entity selling for that.

In 2022 Tirlan gave over 300 million for the remaining 40% of Glanbia Ireland its total EBITA on 2 billion turnover was 60 million. Now Kerry may need a bit of investment but tell me which is the better deal

At the same time it's a big cash injection to the plc in one go... cancelled a lot of cost of the transactions for the plc

Are you joking it's a drop in the ocean. The Plc's EBITA is over a billion. 200m of the money got in this transaction is effectively being used to buy co-op plc shares which are cancelled. Another 50ish million( depending on share value is being relend to KCO at a favourable interest rate. MNC expect about a 20% ROI. 5% is what the will probably get for the loan. After all this that they will have 100 million for any costs and tax liability. In ten years time they collect 150 million for which they earn 5% a year between now and then

Now tell me again who has the better deal

....

Were you a school boarder at the united states secret service school cos you seem to know the posters backgrounds posting on here as well especially if they challenge you and you tend to take a personal swipe against them as well

Did you enquire about EBITA when you bought your farm. You paid as much as you thought it was worth to you. Any more and you would have walked away. What do we need the feed mill and stores for. Aren't there lots of private more competetive merchants out there. The milk plants aren't much use without milk.

Kerry plc can't guarantee milk supply to anything it sells past April 2026 when their suppliers are free to leave, when glanbia plc sold their stake in the joint-venture with leprinio, they where able to guarantee in regards to the portlaoise plant a 5 year rolling contract of ingredients for the plant through tirlain, was rightly pissed off with the above when I enquired about the sale at a committee meeting re where tirlain contractually obliged to supply leprinio in the face of falling milk supplies given the co-op didn't have a stake in the venture, its all the sneaky s**t like the above Kerry/glanbia pull in these deals that comes out in the wash after completion

This brings to mind a meeting I attended at the Manor West Hotel in Tralee on Sunday, July 15th, 2018—a small, tight-knit group. I remember it crystal clear, even who was sitting right behind me. I remember someone making a great point about the co-op back then: ‘Some people are far more interested in winding others up than addressing the real issues.’ Seems like nothing has changed! Sure, they’re always trying to guess who I am on here. My plan for December 17th is to delete this account and never have to look on here again—no offence to you all 😂😂

*edited as I checked the dates and it was July 15th and not July 22nd as I previously said

was at the charleville info meeting ,was impressed with the ey rep very cool answered every question and courteus to everyone.cut to the chase this thing will go through

Was at it aswell. Alot of presumtions on there figures based on the current set up. Outside factors they have no control over could change these figures. Eg retirements, inflation, investments required, shrinking milk pool, will the plc buy dairy products of the coop in the future.

Aren't they cancelling all the old Kerry coop shares so any value going with them including the 15% is gone forever if approved at SGM... technically you didn't invest your 15% Kerry coop shareholding left

thankfully I am not involved in any type of politics and don’t attend any meetings of any description .

At this stage I am resigned to the fact that this jv is going ahead and tbh it won’t really effect my few litres and once exit in the not too distant future , accordingly any levies I pay in will be refunded ,

The share holders win , the retiring present suppliers win but I genuinely worry for the next generation . I have already expressed these already and won’t bore you all . And like ftm I would like to leave this site and close the book ,