Milk Price III

freedominacup

jaymla627 wrote: »

Glanbia went all in on the sports nutrition side of the business, market is now saturated and given they overpaid for a lot of their acquisitions in recent times coupled with a hefty debt burden, it’s easy to see why the company is preforming so badly share price wise, a bad crew and worse captain at the ship don’t help either, only solace is Talbot has around 300000 plc shares that are diving in value so she is at least experiencing some loss.....
The likes of carbery and Kerry group had a slow and steady approach to building up their companies glanbia basically just mortgaged the farm so to speak to go from 70 cows to 500 cows without so much as a viable plan to do this cost effectively and profitably long term

Moloney was widely regarded as a genius. His real genius was bugging out while the getting was good. He rode the rise in dairy prices all the way to the top and left them wanting more. Siobhan may not be a genius but in many ways she's playing the hand she was dealt. Probably heading for the door at this stage also.

whelan2

freedominacup wrote: »

Moloney was widely regarded as a genius. His real genius was bugging out while the getting was good. He rode the rise in dairy prices all the way to the top and left them wanting more. Siobhan may not be a genius but in many ways she's playing the hand she was dealt. Probably heading for the door at this stage also.

Do you think they knew this drop was coming when she got her big pay rise earlier in the year?

jaymla627

whelan2 wrote: »

Do you think they knew this drop was coming when she got her big pay rise earlier in the year?

Vice chairman Patrick Murphy sold 400 thousand euros worth of shares over the past 12 months most at €17 plus euro with other board members selling a combined 1.4million, funny thing was no board members purchased shares, simply wall-street ran a article 3 months ago with the above information and questioned was insider trading happening at Glanbia, also had it predicted that the company was going on a bad path and not to invest in it, sell of any shareholding in it, they called it perfect re share price collapse

Gawddawggonnit

jaymla627 wrote: »

Vice chairman Patrick Murphy sold 400 thousand euros worth of shares over the past 12 months most at €17 plus euro with other board members selling a combined 1.4million, funny thing was no board members purchased shares, simply wall-street ran a article 3 months ago with the above information and questioned was insider trading happening at Glanbia, also had it predicted that the company was going on a bad path and not to invest in it, sell of any shareholding in it, they called it perfect re share price collapse

Any links Jay?

Very serious statement, if true.

Water John

One always sympathises with an unfortunate turn of events which can befall any business. Doesn't seem to be the case there Jam. You could say the writing was on The Wall (apologies for that).

jaymla627

Gawddawggonnit wrote: »

Any links Jay?

Very serious statement, if true.

Saved on computer will throw it up later when I get finished up

Mortelaro

Glanbia aren't even a pale imitation of Kerry
Glanbia coop shares a fiver
Kerry circa 600 euros
Glanbia plc shares under 10 euros
Kerry plc shares today 101 euros
Very very very poor management and hoodwinked CoOp members, a lot of whom with high share ownership are that embarrassed, they change the subject when you point out the wholesale joke that is management

jaymla627

Gawddawggonnit wrote: »

Any links Jay?

Very serious statement, if true.

https://simplywall.st/stocks/ie/food-beverage-tobacco/ise-gl9/glanbia-shares/news/did-glanbia-plc-isegl9-insiders-sell-shares/amp/?__twitter_impression=true

whelan2

Water John wrote: »

West Cork
Aurivo DOWN 0.5 cent 30
Dairygold Down 1.0 cent 29
Glanbia DOWN 1.0 cent 29.5 INCL 0.5cent from coop fund
Kerry DOWN 1.0 cent 29.5
Arrabawn DOWN 1.0 cent 29.71
Lakeland DOWN 0.5 cent 30.78
Strathroy

Any update on strathroy?

Water John

Didn't hear, usually late in the month, but I have no regular contact.

lfc200

jaymla627 wrote: »

Glanbia went all in on the sports nutrition side of the business, market is now saturated and given they overpaid for a lot of their acquisitions in recent times coupled with a hefty debt burden, it’s easy to see why the company is preforming so badly share price wise, a bad crew and worse captain at the ship don’t help either, only solace is Talbot has around 300000 plc shares that are diving in value so she is at least experiencing some loss.....
The likes of carbery and Kerry group had a slow and steady approach to building up their companies glanbia basically just mortgaged the farm so to speak to go from 70 cows to 500 cows without so much as a viable plan to do this cost effectively and profitably long term

They've gone all in on sports nutrition but wouldn't say that's necessarily a bad thing.
Where the problem has arisen is that glanbia have ON/BSN and other premium nutrition brands. Look at their price points and now compare that to MyProtein and others. Previously people were happy to pay ON prices they're not anymore, MyProtein have come in on basically a race to the bottom and have mopped up market share from all the big expensive boys.

The fault as I would see it, is not being invested in sports nutrition as the market is so enormous and valuable.
But It is really not responding to the factors at play and adjusting their strategy. They have tried to stick to their guns with ON/BSN etc being premium when in fact most consumers in this area really couldn't give a fiddlers about brand and buy that which is cheap or on offer...

Water John

Good point, if you develop a premium brand it has to have some substance to that. It has to have a USP. It has to have a legitimacy.
A simple version is branded milk in the shop, why would you buy, it's all from the same cow.

whelan2

whelan2 wrote: »

Any update on strathroy?

Strathroy are down 1 cent, not sure of the exact price though, it is just over 30 cent.

Just checked it is 30.04

GrasstoMilk

[Deleted User] wrote: »

Strathroy are down 1 cent, not sure of the exact price though, it is just over 30 cent.

Just checked it is 30.04

A friend who supllies them says its 29.5 plus scc bonus ?

Mortelaro

Glanbia is ****ed
If the GIL board is looking to the plc board and management for advice (ie a mirror) with johnsons latest no deal move,We are all fcuked and may pull in our horns immediately on any future spending or expansion plans
If I'd loan approval now,It would be prudent to finish what's started and only that
Curtail altogether for at least a year
Do a complete analysis of all input spend and if the .75c rebate from glanbia is not paying for itself,save the money and go elsewhere
This is not the time to avoid or delay decisions to mitigate a milk price drop of the order of up to 10cpl AND it IS coming,make no mistake

No idea how Strathroy is fixed,but If I was a supplier of theirs,I'd be even more worried

atlantic mist

id imagine strathroy are nervous, a lot of milk coming south - and were (GII) are in a good position to take that over, loosing out of big liquid milk contract so loads of processing and plenty of winter milk suppliers hoping to grow supply

cheese will take a hammering, hopefully they have enough in uk warehouses to ride the storm, being so reliant on one market is always dangerous (says me and im reliant on GII to pay a good milk price)

need to look into the strategy of the cookie jar top ups at some stage in the future its going to cause problems, its all well and good until value of plc shares starts plumping, they rise and fall as the years go on but we really need to learn from siobhan and co, sell the shares when they reach peak and buy then undervalued

greenfield21

Water John wrote: »

Good point, if you develop a premium brand it has to have some substance to that. It has to have a USP. It has to have a legitimacy.
A simple version is branded milk in the shop, why would you buy, it's all from the same cow.

Yet kerrygold butter is the same as any other butter sold and they are now something like the second best seller in the states. No doubt the brand is everything a bit like coca cola now but it's still Probably the fools buying into the whole green grass feed image when there really is no difference. Do glanbia have grass fed milk protein shakes, maybe that's what's needed. Hopefully trump just keeps his eyes on the EU autos or else they could all be going down together.

Panch18

greenfield21 wrote: »

Yet kerrygold butter is the same as any other butter sold and they are now something like the second best seller in the states. No doubt the brand is everything a bit like coca cola now but it's still Probably the fools buying into the whole green grass feed image when there really is no difference. Do glanbia have grass fed milk protein shakes, maybe that's what's needed. Hopefully trump just keeps his eyes on the EU autos or else they could all be going down together.

Well for sure all butter isn’t the same

There’s a reason kerrygold sells so well, and it’s because it’s far and away the best butter

greenfield21

Is this new truly grass fed glanbia butter not the exact same as kg butter, made in same factory etc. Let's see how well they do in the states with it. Probably be a complete failure.

lfc200

greenfield21 wrote: »

Is this new truly grass fed glanbia butter not the exact same as kg butter, made in same factory etc. Let's see how well they do in the states with it. Probably be a complete failure.

No Kerrygold butter plant is in Mitchelstown, Glanbia I'd imagine are producing theirs in Tipp.

But in reality are what Glanbia and Ornua both selling on the US market the same, they are as near as damn it. This is the reason that Ornua kicked up such an incredible stink when Glanbia announced it last year. Glanbia launched a competiting product with a broadly similar USP and marketing campaign to compete with Ornua who Glanbia are a 25% shareholder in....

alps

lfc200 wrote: »

No Kerrygold butter plant is in Mitchelstown, Glanbia I'd imagine are producing theirs in Tipp.

But in reality are what Glanbia and Ornua both selling on the US market the same, they are as near as damn it. This is the reason that Ornua kicked up such an incredible stink when Glanbia announced it last year. Glanbia launched a competiting product with a broadly similar USP and marketing campaign to compete with Ornua who Glanbia are a 25% shareholder in....

And undercut the ***t out of the price...

Showing real respect

jaymla627

alps wrote: »

And undercut the ***t out of the price...

Showing real respect

The logic of undermining a company you own 25% of is pretty baffling and then maintaining a silence over the civil war they have instigated to booth, we really have some top class lads with the keys to the throne, fixed milk schemes are going to save us here but wouldn’t like to be talking my chances on glanbias open market prices for the remainder of the year and into 2020

K.G.

Because they now want to frig ornua to get at west cork.west cork has been a thorn in the side of these processor s with years and they have tried several tactics over the years and this is the latest attempt with the shenanigans at board level. Make no mistake if they are left get away with it we ll be next getting ripped off.west cork keep the pressure on everyone else and without them you l have nothing to measure off

Panch18

K.G. wrote: »

Because they now want to frig ornua to get at west cork.west cork has been a thorn in the side of these processor s with years and they have tried several tactics over the years and this is the latest attempt with the shenanigans at board level. Make no mistake if they are left get away with it we ll be next getting ripped off.west cork keep the pressure on everyone else and without them you l have nothing to measure off

As a Tipp man i have nothing but respect (and a little bit of envy!) for how well you boys in West Cork get paid and how the coops are run down there. It is truly amazing that 4 of the smaller coops in the country can be run as well and continously be top of the milk price league. This isn't just an anomoly, its year after year, month after month.

Whatever ye do down there, keep doing it, and for the love of god don't let anything or anybody lead ye down a wrong path. But ye are smart enough, ye don't need anyone to tell ye that!!

whelan2

Hmmm

jaymla627

whelan2 wrote: »

Hmmm

It’s needed to be fair, plants where nearly maxed out this year re peak milk, and going forward the money isn’t going to be their to drop another couple hundred million on extra processing, and in all honesty they are just about shifting what’s been produced at the minute, their will be something brought in like what was meant to be implemented years ago that will leave suppliers going over say 13% of may/June supplies getting docked, won’t suit the grazing purists but they may suck it up

Buford T. Justice XIX

whelan2 wrote: »

Hmmm

Quotas, forgotten but not gone:(

mf240

A bad price might help with oversupply.

mahoney_j

jaymla627 wrote: »

It’s needed to be fair, plants where nearly maxed out this year re peak milk, and going forward the money isn’t going to be their to drop another couple hundred million on extra processing, and in all honesty they are just about shifting what’s been produced at the minute, their will be something brought in like what was meant to be implemented years ago that will leave suppliers going over say 13% of may/June supplies getting docked, won’t suit the grazing purists but they may suck it up

If the new entrants stay wanting some of the cake they should have to pay and a lot more than established suppliers ,only fair tbh lot of these new entrants are comming in with big land base ,big cow no’s and in case of a lot of converted beef tillage operations very hefty bps Cheque .
As an established supplier I’ve bought/leased quota and dm contributing to a revolving fund as part of my share up to match supply I think it’s very unfair that new guys comming in and supplying huge volumes are only making same contribution as I am currently

Gawddawggonnit

mahoney_j wrote: »

If the new entrants stay wanting some of the cake they should have to pay and a lot more than established suppliers ,only fair tbh lot of these new entrants are comming in with big land base ,big cow no’s and in case of a lot of converted beef tillage operations very hefty bps Cheque .
As an established supplier I’ve bought/leased quota and dm contributing to a revolving fund as part of my share up to match supply I think it’s very unfair that new guys comming in and supplying huge volumes are only making same contribution as I am currently

Ah no!
Wasn’t the whole ‘expansion ad infinitum’ the foundation of the glory years post quota?
Cooperative system falls down if some become ‘more equal’ than others...?
If ‘quotas’ under a different guise come into play then the posturing of the last ten years is farcical.
Truly farcical...making it up as you go?