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2.03%

$4.28 fonterra shareholders' fund

I am not a corporate lawyer but in my experience irrespective of...

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Pokerface

7,359 Posts.

2712

19/08/23

11:21

Post #: 69432040
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Originally posted by Giovanni33 ↑

Thanks. My concern (and correct me if I'm wrong here) is the unique structure of the fund. When it says we have economic earnings what does that mean in a scenario such as a GFC where companies are going bust/getting called up on their debt. What rights does it give us in terms of assets.

For a normal company if the worst case scenario happened, debts get paid and shareholders would get the proceeds from the remaining assets after that. Am I correct to assume that would not be the case here?

Thanks for your replies, I appreciate them.

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I am not a corporate lawyer but in my experience irrespective of the structure if an entity has debt and is insolvent, the shareholders cop it. Normal net earnings will be over $1b NZ for 22/23 from what they are saying. There is risk in everything!!!

FSF Price at posting: $3.00 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $4.28		Change 0.085(2.03%)		Mkt cap ! $456.4M

Open	High	Low	Value	Volume
$4.22	$4.28	$4.22	$12.64K	2.975K

Buyers (Bids)

No.	Vol.	Price($)
1	3	$4.30

Sellers (Offers)

Price($)	Vol.	No.
$4.34	606	6

View Market Depth

No.	Vol.	Price($)
1	3	4.300
4	447	4.250
1	714	4.220
1	200	4.090
1	250	4.000

Price($)	Vol.	No.
4.350	137	1
4.360	447	1
4.400	1000	1
4.890	1000	1
5.100	1610	1

Last trade - 14.36pm 18/09/2024 (20 minute delay)

FSF (ASX) Chart