Milk Price Tracker

[frederick]

I would imagine the previous owners would be liable for their proportion of the incidents.

Shouldn't think so.

You buy the company you buy it's liabilities past and present.

The previous owners were shareholders when you sell a share you sell the right to future gains and losses

 

[Jdunn55]

I tell AI reps we use a bull, that usually nips it in the bud. We run a bull with heifers during the summer so technically not telling any lies.

I tell them nothing, I used to come up with excuses as to why I didn't need their product but then you have them trying to persuade you that you're wrong and do need their product. So now I just say sorry haven't got time!

 

[Sid]

Shouldn't think so.

You buy the company you buy it's liabilities past and present.

The previous owners were shareholders when you sell a share you sell the right to future gains and losses

I'd beg to differ unless it was reflected in the purchase price.
Due diligence should have picked it up.

 

[Stuckingeneva]

48.5?

No, 47.5

 

[frederick]

I'd beg to differ unless it was reflected in the purchase price.
Due diligence should have picked it up.

So who else apart from saputo can write a cheque to the ea.

Saputo will have been well aware of the risk or if not it will be a lawyers insurance paying.

If I own a share today and sell it tomorrow I no longer have any link to that company everything passes to the new owner

 

[betweenthelines]

Liablity is with the Company not ex shareholders. When a business is sold the new owners take on all debts and creditors-that's why due diligence is undertaken.

 

[som farmer]

So who else apart from saputo can write a cheque to the ea.

Saputo will have been well aware of the risk or if not it will be a lawyers insurance paying.

If I own a share today and sell it tomorrow I no longer have any link to that company everything passes to the new owner

it was a repeat offence, wasn't it ? Or on going at time of sale, so buyer should have been notified, or picked it up in the diligence bit. Fair do's if it was missed, that's what lawyers are paid for.

 

[Sid]

So who else apart from saputo can write a cheque to the ea.

Saputo will have been well aware of the risk or if not it will be a lawyers insurance paying.

If I own a share today and sell it tomorrow I no longer have any link to that company everything passes to the new owner

There could be a shell company with x million sat in it.

I am not a corporate lawyer, but I fail to see how an issue caused by a previous owner can be paid by the new owner without a financial package from the previous.

 

[betweenthelines]

it was a repeat offence, wasn't it ? Or on going at time of sale, so buyer should have been notified, or picked it up in the diligence bit. Fair do's if it was missed, that's what lawyers are paid for.

Doubt it-I expect @Sid wrote to them!

 

[Sid]

it was a repeat offence, wasn't it ? Or on going at time of sale, so buyer should have been notified, or picked it up in the diligence bit. Fair do's if it was missed, that's what lawyers are paid for.

It wasn't missed, as it was stated in report that it started in DC days.

How do you make an allowance in sale price for an unknown prosecution cost?

 

[Sid]

Doubt it-I expect @Sid wrote to them!

And you were there waving your clipboard being all officious

 

[Sid]

https://twitter.com/i/web/status/1543193431329095682

According to the TFF experts Omsco should have put all their milk on spot market.

Few extra loads and the price dips 10p this week, what difference would nearly 150 loads a week made?

 

[lazy farmer]

https://twitter.com/i/web/status/1543193431329095682

According to the TFF experts Omsco should have put all their milk on spot market.

Few extra loads and the price dips 10p this week, what difference would nearly 150 a week made?

I really admire you @Sid
What it is to NEVER be wrong.

 

[pellow]

Its not impossible that some processors are putting milk into the spot market to hold the spot price back,

preventing spot milk getting to 80p saves a lot of phone calls from farmers asking for price increases

 

[More to life]

Its not impossible that some processors are putting milk into the spot market to hold the spot price back,

preventing spot milk getting to 80p saves a lot of phone calls from farmers asking for price increases

You have a devious mind I like it !

 

[Sid]

I really admire you @Sid
What it is to NEVER be wrong.

I was just posting the proof of what happens when there is more than a few loads on the spot market. It heads south.

Even the loads that are traded have to be in the right place at the right time or they get penalised.

Sorry to burst your bubble but that's how any market works. Supply and demand.

 

[lazy farmer]

I was just posting the proof of what happens when there is more than a few loads on the spot market. It heads south.

Even the loads that are traded have to be in the right place at the right time or they get penalised.

Sorry to burst your bubble but that's how any market works. Supply and demand

More self/Omsco justification in my opinion and of course the previous conversation on here where you were patently wrong on liability’s but continued to obfuscate.

 

[Tarw Coch]

Its not impossible that some processors are putting milk into the spot market to hold the spot price back,

preventing spot milk getting to 80p saves a lot of phone calls from farmers asking for price increases

Just hope they’re not reading and you’ve just given them an idea.

 

[Sid]

More self/Omsco justification in my opinion and of course the previous conversation on here where you were patently wrong on liability’s but continued to wiggle away.

Just stating the fact that if any dairy company dumps any significant volume onto the spot market the value drops.

Spot some springs is single digits.

Arla made the decision to dump milk on farm last week with breakdown , maybe its was in the wrong place at wrong time and such a significant amount it was not cost effective to collect and put on the spot market.

The liability for the pollution incident would have been factored into the sale price or a holding company reserves somehow.

Been there done that got the T shirt.

 

[lazy farmer]

Just stating the fact that if any dairy company dumps any significant volume onto the spot market the value drops.

Spot some springs is single digits.

Arla made the decision to dump milk on farm last week with breakdown , maybe its was in the wrong place at wrong time and such a significant amount it was not cost effective to collect and put on the spot market.

The liability for the pollution incident would have been factored into the sale price or a holding company reserves somehow.

Been there done that got the T shirt.

That is of course what others were saying earlier reference saupto