SM1, page-250

Well, that Fonterra result was a shocker, but no surprise. What is a concern is its future. And why this should be a concern to SM1. Synlait has a CEO totally steeped in Fonterra culture. I have nothing against Clements as a person - my main concern is the "Fonterra" blood he brings with him.

So Synlait holders need to look carefully at the direction he takes them in - if it resembles Fonterra then then there will be problems.

So how does Fonterra plan to get out of its mess. Its priorities are (in this stated order)
1 - Build a winning team
2 - Support Regional NZ
3 - Reduce the environmental footprtint and
4 - Hit our financial targets.

I would have thought No 4 should be the number one priority and once hit the others are "nice to haves"

Is there any similarity with SM1
1 - Heart = People and Planet
2 - Head = $2b + People and Planet
3 - Hands = Net Positive for the Planet, Building a Healthier Synlait and World Class Value Chain

(Still no-one seems to have noticed the lack of attention to detail in Synlaits announcement where they cant even get the 3 H right)

Where among all this flowery prose is "return value to shareholders?"