Ann: Fonterra updates FY23 earnings guidance, page-18

Thank you, I appreciate your posts guys. The instrument itself is a bit unorthodox but I don't want to instantly discount it due to that. Sunrice in Australia has something similar (it has no hc board for some reason) where it has 2 classes of shares and is publicly traded and gets dividends, with the other one being held by rice growers.

Since NZ is so heavily leveraged to them, do you think there is a possibility of a bailout in this scenario. I'm currently less worried about individual companies being "bad" than I am about the global macro being way too overleveraged and contagion. This is actually why I'm here looking for places to park cash and ride out the storm.