Glanbia spinout 2021/2

Nice little disclaimer, to have, so their telling us lies sorry "cautionary statements....

In reality the idea of a divorce isn't wrong but the timing is just crazy, these zoom meetings and information webinars are gaslighting, their needs to be in person discussion where the likes of Jim Bergin can be pinned down on issues and have to give guarantees/explain himself if he can't...

Their is just to much turmoil in the world now be it on money markets/inflationary pressures that haven't been witnessed since the 70's, along with uncertainties over the aware joint venture to be ramming this through, I'd rather put up with a few more years of the plc been on the scence, just for the fact of the precieved financial security it gives with access to finance etc

Surprised there was no comments on this today. When is the result known.

any new info at meeting

Ah that makes more sense

They should get f**ked, the debt burden that potentially is been taken on at half a billion if the shares aren't cashed in basically translates into 2 cent of our milk price for the next 10 years paying for it, the dropping of the 3.2% profit margin is irrelevant when you take into account the above, the cheerleading going on is probably from lads that want to cash in their co-op shares for plc ones and get a nice five figure lump of money

I've submitted 10 different questions for the sgm, including the above, its a waste of time trying to nail them over zoom meetings they simply won't ask your question our will brush over it, I'd have zero issue facing them down in person and have in the past, the previous co-op head man has a particular dislike for us....

Glanbia issue aside …your 💯 with that bit about online meetings ….coop boards and management have had an armchair ride thru Covid due to a lack of face to face meetings wether for board/rep meetings or area meetings for suppliers …zoom or teams meetings are grand but when real issues need thrashing out ball is in management court …they are utterly frustrating questions and there answers can be fairly selective…for important issues you need face to face meetings where board and management have no screen to hide behind

Jim cashing in shares in October, the conflict of interest with him and this deal is of the reservation, its insider trading, its simply not tenable

Combined plc shareholding of the 7 senior management directors before the restructure is circa 950000 plc shares, no wonder they want to off-load us and try and drive up plc share-price

I dont know you from Adam but if I was a Glanbia co op shareholder I would pushing you and the likes of you onto the co op committee .Its well time real farmers are reperesenting farmers interests on co op boards all thats on mosts of them committee are 'yes' company men

What will happen in the long run with the smaller co ops, will they merge or be taken over. Arrabawn seem to be well run but will there come a time it will float or merge

Things look rosey Kev ….very easy to with milk markets the way they are but there is lots of big issues ….more people need to get involved and take more of an interest with what’s going on within the coop …outside of board members and rep committee members very poor attendance at Mondays area meeting which covered the nenagh and Birr area …don’t know wether it’s the decent milk price that’s keeping lads away or not but new bodies are badly needed on our board and rep committees ….there was a saying in my dads time that it was harder get off than on the board ….no point lads kicking a stink when prices are poor

Does that include a liquid bonus Whelan. 50.64 here on a straight manufacturing contract.

I'm logged on ready to vote💪

I'm voting no anyway 🤔

Was a bit surprised with that alright.

whsts your solution to what should be done then jay?

stay as is with poor milk price?

you’ll be getting seasonality bonus on top of your liquid/acs bonus if this goes through aswell as a stronger milk price

It appears that a lot of people don't understand the concept of a question

Looks like it'll pass based on the comments🤔