An adviser thinks Farmgirl should be focusing on the fact there has been such a large cashflow deficit ($109 million) from Ravensdown 'operating activities' (i.e.core fertiliser activities) in the past year and that the current ratio (85.4%debt/assets) is in such bad shape.
"Paying a rebate with those numbers in such poor shape would seem risky, especially when you compare what Fonterra is doing (no unshared supply, no contract milkers, retaining a large portion of the payout). Fonterra seems to be taking a cautious/prudent approach that should see them through these difficult times."
Is Ravensdown doing the same?
Posts
No comments:
Post a Comment