Kerry Co Op Shares

The Munster  Dairy Producer Organisation (MDPO) has called on the chairman  of Kerry Co-op to immediately clarify that the €50 million compromise fund from Kerry plc for the leading milk price is exclusive of VAT. The €50 million compromise fund was a core part of the overall joint venture deal between Kerry Co-op and Kerry plc.James Doyle, the chairperson of MDPO in a statement said that the shareholders when they voted last December on the joint venture package agreement clearly understood that a fund of €50 million was to be made by Kerry plc to the Co-op as a compromise amount. If it now transpires that the €50 million is inclusive of VAT, it means that the payment made by Kerry plc for the leading milk price compromise is just €47.57 million. This would be totally unacceptable to dairy farmers.Mr Doyle also said many farmers who had expanded their milk output over the last decade are very disappointed that the actual payment from the compromise fund that they have received in the last few days can be as low as two cents per litre, and nowhere near the 5.4 cent per litre that was emphasised during the lead up to the vote on the joint venture last December

Looks like they screwed us again. A final kick as they went out the door.

You are gas

I see what you are saying Straight but unfortunately no, it definitely wasn’t meant to include the 20% as you mentioned. That was a major bone of contention. They were very clear about it. It was talked about at depth, it was one of the major things that was brought up as one of the main reasons people were voting no.

The contracted volume of milk was your quota plus 20%.

where did you see that?

edit: just looked up Kerry's results announced yesterday and found that figure….

According to the lorry driver the Listowel factory won't open until end of March. Lots of things still to sort out there.

Could I get a copy too please? All I can find is the top 100

Well it certainly was the deal of the year for the PLC.

Getting caught out on the 50 million for the vat element alone tells anyone on the outside looking in, theirs a touch of a clown show operating on the co-ops side

Apparently it’s going to be a called a PUP

Does anyone know what value to put on Kerry Co OP shares now for probate purposes? Are they still worth 6.xxx Kerry Group shares or has that changed since the split? Is the share redemption scheme going to continue or how would you sell the shares?

Kerry Group announced their results this morning. Share price crashed from €89 to €78, they’re at €85 this minute. Back in February 2020 the share price was at €128.50 - since then money has halved in value pretty much… the share price would want to be at €250 today to match what it was 2020

Just for additional context - back in 2017 I sold Kerry Group shares for €76.10 and I bought houses for €71,000… 3 or 4 months ago an identical house in the estate next door, only a stone throw away sold for €310,000 - I’m just using that as an example as to how worthless money has become

I sold all my co-op shares and PLC shares a long time ago and put it all into property so I’m on the outside looking in but by the looks of things the ship is definitely taking water. I’d be getting out and taking what you can get for the shares while you still can because the current management team is very amateurish, I’d have no faith in them pulling this back out of the fire.

The share buybacks they keep announcing are a joke - why do a €300m share buyback again now, the last few buybacks didn’t work. If they wait 12 months they’ll be able to buy the shares back at €65