Worse Is Yet To Come?, page-1334

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tomuchtime

567 Posts.

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26/08/17

21:28

Post #: 26783235
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Originally posted by Cabaking ↑

Sorry to hear that.

I have had a number of conversation with the CEO and chairman and they aren't arrogant.

I believe it is a hangover of old mgnt

In saying all that email or call Ari he will take your call. He is seriously a good guy busting his as to save the company.

He is working 7 days a week 14 hour days to fix the mess he has been left.

That behaviour isn't good nor acceptable or a company wanting suppliers back

Beaware they just employed a very high quality guy to fix logistics ... he has been brought on to fix things like this

I gather field staff are depressed as they feel everyone hates them

You may have trouble getting Fonterra to pick up your milk as I am told they are already late picking up milk and we aren't near peak for another 5 to 6 weeks

I also hear Fonterra jv ain't going so well... baby formula sales poor

I believe mgc will survive but fk the more you hear about the cluster fk of a mess old mgnt left is mind blowing.

New mgnt is doing everything in there power and doing a very good to fix the mess

Why you think no bids ..... bega sounded keen on their results call

Expand

what they dont understand and need to fast is the cultural and social dynamics along with the associated cultural and social capital of those farming communities that MG operates and functions in . This is not your typical listed company scenario when it comes to a turn around . They have totally misread the farmer dynamic and continue to do so . Milk will continue to leave until they realise this

MGC Price at posting: 65.0¢ Sentiment: None Disclosure: Held
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