As late as they can....They want to delay as long as they can as...

As late as they can....
They want to delay as long as they can as they are terrified of Bruce (as they should be)

There was a grab I saw in The Australian yesterday on my news feed that said consumption of alcohol is down, and had a lovely picture of Dan's as a header

The real question here is for the executive, how are they going to handle one of Australia's most pro active investor/shareholder......Honestly, running and hiding is IMO the absolute worst thing to do. They can pivot.....with Bruce's assistance, because if Bruce decides he wants out....IMO of course, this thing is going to go down like the Hindenburg.

When they had the massive property sell off years ago, Dan's became tenants of the sites. Yes they can walk away from some no doubt, but they did sign crazy 20 something year leases...to make the properties more attractive to purchasers of those assets. Foolish short term, extremely bad move.

Ok...so
1. They have burnt the cash they raised from the property sales (think fat management/mismanagement)
2. Missed out on the property boom
3. If they still had the properties they sold the balance sheet would be far superior to its current state
4. Signed crippling leases, that continue to ratchet up and ridiculously long term.
5. If they close sites and break leases.....huge legal fights/payouts
6. Put money into very sub par vineyards
7. Paid MANY multiples of what some of those "assets" would be worth to a savvy potential investor (think Chromy well publicised) paid 10 times overs.....it is more effective both COST and Quality wise to purchase the fruit only. Process themselves at central facilities, or buy the product in bulk for $1 per litre, bottle ready. Think Southcorp....buying up everything they could, then murdering the cost base and quality (subsequently got rogered by Rosemount.....)
8. Leasing vineyards that struggle to produce fruit (I cannot name for legal reasons)

Macro factors such as falling consumer confidence, rising interest rates, staff costs including increases in superannuation, training, OH&S, insurance and increased health awareness (think consumption of alcohol and food-both affecting on premise dining and the retail arms) and a MAJOR reputation for not paying bills on time making good suppliers reticent.

Anyway, Bruce is relentless, it's his money and yours. You should all be up in arms.

Disclaimer: The opinions above are that, opinions, and not be treated as investment advice. Past performance is not an indication of future performance.
Please do your own research