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Thread: Fonterra

  1. #11

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    Quote Originally Posted by Crocodile View Post
    Yes you have missed something....
    Made close to 800m last year, lost close to 200m this year. Join the dots and you get 1.0 Billion.
    You could argue that figure but it's a large number how ever you look at it.

    Sure the write down on Chinese investment and the Botulism scare cost but this again is a Fonterra fuck-up at cooperate level.
    We are not talking droughts, act of god, low prices just bad management.

    Yes your right the farmers do a GREAT job but then the people that are suppose to sell their product do a BAD job.
    Firstly , Fonterra is owned by the shareholders -- the farmers .

    It operates on several levels , NOT just marketing .

    It buys milk off farmers ( in other words , off itself ) and processes it and adds value to it and resells it . It offers farmers a cvertain price . If it offered a low price , it would make bigger profits , but it distributes the profits to its shareholders . To say it is a paper transaction is an oversimplification , but where it is / would be a concern , is the overall price , and the costs in between .

    A few years ago , the milk price was low , but Fonterra made a profit , and distributed that profit , so it 'topped up' farmers incomes .

    It tries , where financially viable , to control the supply chain . It owns or invests in dairy farms and processers around the world , it owns fertiliser companies and retail stores and even Tip Top ice cream . Years ago , when it was called NZCo-op Dairy Company , all its milk tankers were Bedfords or Isuzu's , and the reps drove Commores ( General Motors products ) , so they bought a small Holden dealer ( Thames Valley Motors ) in Te Aroha for a near bargain price , but saved $ millions a year as suddenly all their cars and trucks , but also all the parts , were bought at cost price , and that little Holden dealer was suddenly buying and selling 100's if not 1000's of trucks and cars per year !

    You no doubt moan when they make $800 million , you moan when they lose money , but you have shown you know almost nothing about them and how they operate -- it is 'real' profits and losses , but it is only one part of a way bigger picture , and then there is the politics involved too -- some parts of their business operate to appease politicians here in NZ , and overseas .

  2. #12

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    And as far as Claire Curran 'non-event' -- seriously , what needs to be said that hasn't been already .

    She ( and most of the Caucus ) are completely incompetent , and they are the best Labour has got . Every commentator has pointed out that Labour is in serious trouble , both within and from Winston First , and quite simply does not know what to do .

    As far as implying they are 'in the pocket of big business' -- that is only a statement a stirrer or an idiot would make . They are hell bent on creating social problems at the expense of business -- they have no concept of business or sustainability ( or honesty ) . Allowing more immigrants , increasing every benefit , increasing minimum pay rates , giving Shane Jones $1 billion to see who can spend that fastest ( as long as you are 'culturally' correct ) -- anyone with an IQ creeping up towards 2 digits can foresee the mess that will create .

    Anyone who can't see the wheels falling off , is already standing still .

  3. #13
    Crocodile's Avatar AF Millennium Member Senior Member
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    Quote Originally Posted by Sir Cornelius Platinum View Post
    Firstly , Fonterra is owned by the shareholders -- the farmers .

    It operates on several levels , NOT just marketing .

    It buys milk off farmers ( in other words , off itself ) and processes it and adds value to it and resells it . It offers farmers a cvertain price . If it offered a low price , it would make bigger profits , but it distributes the profits to its shareholders . To say it is a paper transaction is an oversimplification , but where it is / would be a concern , is the overall price , and the costs in between .

    A few years ago , the milk price was low , but Fonterra made a profit , and distributed that profit , so it 'topped up' farmers incomes .

    It tries , where financially viable , to control the supply chain . It owns or invests in dairy farms and processers around the world , it owns fertiliser companies and retail stores and even Tip Top ice cream . Years ago , when it was called NZCo-op Dairy Company , all its milk tankers were Bedfords or Isuzu's , and the reps drove Commores ( General Motors products ) , so they bought a small Holden dealer ( Thames Valley Motors ) in Te Aroha for a near bargain price , but saved $ millions a year as suddenly all their cars and trucks , but also all the parts , were bought at cost price , and that little Holden dealer was suddenly buying and selling 100's if not 1000's of trucks and cars per year !

    You no doubt moan when they make $800 million , you moan when they lose money , but you have shown you know almost nothing about them and how they operate -- it is 'real' profits and losses , but it is only one part of a way bigger picture , and then there is the politics involved too -- some parts of their business operate to appease politicians here in NZ , and overseas .
    Yes I know some of this if not all and more.
    Spin it how you like - not a good result is MY POINT.

    NO I do not moan when they make 800m good work. Are you that fucking DUMB!!!
    And YES I know quite a bit about them and how they operate. For starters it's not just farmers that own Fonterra there are outside investors that do not hold shares but are able to invest in units in the fund.

    Stop being a typical National idiot and trying to put words into statements that have neither been said by me or initiated me it's a definite sigh of someone losing badly in an argument.

  4. #14

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    Umm -- I haven't lost an argument .

    I guess thats the good thing with using facts .

    So lets look at the FACTS .

    Fonterra ( OWNED BY FARMER SHAREHOLDERS , no matter how you want to spin it ) made money for 17 years . It lost money this years due to abnormal items .

    Even if you take the last 2 years , it made $800 million one year , lost $200 million one year ( your figures ) . So it made $600 million over 2 years . Thats an average of $300 million a year .

    And THAT is how Fonterra works . If it makes lots of money , it 'ups' the milkfat price and the dividends ; If it doesn't , it downgrades one or both .

    Each individual farm is a $million plus business ; Fonterra a $multi billion business . It's OWNERS are farmers . OWNERS are legally different to investors , debenture holders , financiers , creditors .

    Those are the facts , pure and simple . They are a big business , they make money , they have $billions in assets , and their FARMER owners more assets . I doubt if it would ever be neccessary , but they probably could introduce new capital if required .

    So try and say this reflects poorly on the National party as much as you want -- well , the egg is on your face . And as you possibly didn't know , eggs come from chickens , not cows .

    As far as idiots goes -- how many successful businesses are owned by Labour voters ? National voters ? Why -- oh , because you need skill and intelligence to run a successful business -- the 2 things stopping a Labour supporter . . . . . . . . .

  5. #15
    Crocodile's Avatar AF Millennium Member Senior Member
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    Quote Originally Posted by Sir Cornelius Platinum View Post
    Umm -- I haven't lost an argument .

    I guess thats the good thing with using facts .

    So lets look at the FACTS .

    Fonterra ( OWNED BY FARMER SHAREHOLDERS , no matter how you want to spin it ) made money for 17 years . It lost money this years due to abnormal items .

    Even if you take the last 2 years , it made $800 million one year , lost $200 million one year ( your figures ) . So it made $600 million over 2 years . Thats an average of $300 million a year .

    And THAT is how Fonterra works . If it makes lots of money , it 'ups' the milkfat price and the dividends ; If it doesn't , it downgrades one or both .

    Each individual farm is a $million plus business ; Fonterra a $multi billion business . It's OWNERS are farmers . OWNERS are legally different to investors , debenture holders , financiers , creditors .

    Those are the facts , pure and simple . They are a big business , they make money , they have $billions in assets , and their FARMER owners more assets . I doubt if it would ever be neccessary , but they probably could introduce new capital if required .

    So try and say this reflects poorly on the National party as much as you want -- well , the egg is on your face . And as you possibly didn't know , eggs come from chickens , not cows .

    As far as idiots goes -- how many successful businesses are owned by Labour voters ? National voters ? Why -- oh , because you need skill and intelligence to run a successful business -- the 2 things stopping a Labour supporter . . . . . . . . .
    God you are a right dickhead!!

    Your not far from the tree's are you, do the math's yes close to 75 odd billion in assets? (Guess) @ 10,500+ farms / Fonterra assets etc and you get a return of -200m for the year from the Co Op.
    Farmers get a 10 cent dividend with milk prices the highest they have been for years. At least that has given the farmers a boost.

    You 300 million average - Air New Zealand makes more than that PA with leased planes and a work force of less than 10,000.
    Do the math's wonder boy


    It's all National mate you just don't like your little face being rubbed in it.
    Well fuck you - truth hurts tough little cry baby...

    One moment you are complaining about how Labour is wreaking the economy the next it's oh Fonterra it's just one of those things.
    Fonterra is a big chunk of the economy and people should ask "what the fuck is going on".

    Cheers

  6. 14-09-2018, 09:05 PM


  7. #16
    Crocodile's Avatar AF Millennium Member Senior Member
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    Quote Originally Posted by Sir Cornelius Platinum View Post
    And as far as Claire Curran 'non-event' -- seriously , what needs to be said that hasn't been already .

    She ( and most of the Caucus ) are completely incompetent , and they are the best Labour has got . Every commentator has pointed out that Labour is in serious trouble , both within and from Winston First , and quite simply does not know what to do .

    As far as implying they are 'in the pocket of big business' -- that is only a statement a stirrer or an idiot would make . They are hell bent on creating social problems at the expense of business -- they have no concept of business or sustainability ( or honesty ) . Allowing more immigrants , increasing every benefit , increasing minimum pay rates , giving Shane Jones $1 billion to see who can spend that fastest ( as long as you are 'culturally' correct ) -- anyone with an IQ creeping up towards 2 digits can foresee the mess that will create .

    Anyone who can't see the wheels falling off , is already standing still .

    Second thoughts no I don't give a shit.
    Tell it to the priest at least he has to listen.....
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  8. #17

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    As a Labour Party supporter , complex discussions such as running a business , is obviously well beyond you .

    Feel free to keep thinking Fonterra has lost $1 billion , and that there is no $10 billion dollar hole in Labours election promises . If ignorance is bliss , you must live in an amazing world .

  9. #18
    Crocodile's Avatar AF Millennium Member Senior Member
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    Quote Originally Posted by Sir Cornelius Platinum View Post
    As a Labour Party supporter , complex discussions such as running a business , is obviously well beyond you .

    Feel free to keep thinking Fonterra has lost $1 billion , and that there is no $10 billion dollar hole in Labours election promises . If ignorance is bliss , you must live in an amazing world .
    Wrong again

    Don't support any of them, never belonged to any party, never had a membership.
    Just like to shove it up people that need it.
    Your perfect!!

    "Complex discussions running a business"? That's pretty much all of New Zealand.
    Do you think your some "Demi God" because you run some businesses.

    WELL YOUR NOT.

    I respect you because you do run businesses that employ people but your nothing special.
    Do you export anything, design, patent, R&D, found a cure for cancer??

    You remind me of these pretentious chiefs that think they are wonderful but at the end of the day they just cook food.
    Everyone can cook food, might not be as good a Mr Chief but we don't die of food poisoning and we don't take 2 hours cooking it and then telling everybody how wonderful they are....

  10. #19

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    A Chief is likely to have a Chef do their cooking for them . . . . . . . .

    I did have a manufacturing business 25 years ago that exported over 50% of our NZ designed and manufactured products ( just stating facts , not living on past glories ) which I sold , and I do own an international website which brings the profits to NZ -- admittedly it isn't a fulltime business yet , but it does have serious potential .

    The point is that people who think about things and back themselves are way more likely to vote National , those who turn up to work and expect to get paid each Thursday ( or consider any form of Benefit as a career option ) are more likley to vote Labour , those who don't think at all are more ( because they have killed any brain cells ) are likely to vote Greens , and the terminally bewildered vote Winston First . . . . . . . . .

  11. #20
    Crocodile's Avatar AF Millennium Member Senior Member
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    Quote Originally Posted by Sir Cornelius Platinum View Post
    A Chief is likely to have a Chef do their cooking for them . . . . . . . .

    I did have a manufacturing business 25 years ago that exported over 50% of our NZ designed and manufactured products ( just stating facts , not living on past glories ) which I sold , and I do own an international website which brings the profits to NZ -- admittedly it isn't a fulltime business yet , but it does have serious potential .

    The point is that people who think about things and back themselves are way more likely to vote National , those who turn up to work and expect to get paid each Thursday ( or consider any form of Benefit as a career option ) are more likley to vote Labour , those who don't think at all are more ( because they have killed any brain cells ) are likely to vote Greens , and the terminally bewildered vote Winston First . . . . . . . . .

    English is technically my second language so "my bad"
    You got the point so that's all that counts.

    You like to pigeon hole people.....a bit like a certain German did in the 30's maybe??
    "if you not one of us you are against us" sort of thing.

    You think anybody that does not vote National is stupid.
    Yeah your that fucked up it makes me laugh.

    People who don't run a business or own a business but turn up to work and expect to be paid every Thursday.
    (your words)
    Lets see, that would be Teachers, Nurses, Police, Fire Brigade, Public Health Doctors, Defense People all sorts of other workers.
    They are all stupid and losers in your opinion?

    You know why a pyramid is so strong?
    Because if you had all arse holes at the bottom it would fall down.

    Arise Sir Arse
    Last edited by Crocodile; 16-09-2018 at 09:13 AM.

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