AHF australian dairy nutritionals limited

"Good management to see they (Aussie Farmers Direct) were in...

  1. 185 Posts.
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    "Good management to see they (Aussie Farmers Direct) were in financial trouble...."

    My thoughts are that "blind freddy" could / would have seen that, would have been obvious to anyone intimately involved in the industry.
    On that basis, to say that exposure of $90k is "minimal" is not that inspirining to me.
    How much of the $90k will be recovered --- probably not much.
    To AHF which does not appear (at this stage) to be making much from its processing ops, $90k is significant.
    I am sure (good) management could have put some better financial arrangements in place that might have reduced the exposure to losses even more.
    So good management --- twaddle ---- My expectactions are higher.

    As a farmer, at times I dont like the risk of handing over produce for sale to be paid later ....
    Some years ago quite a few farmers in our area lost large amounts of $'s (some hundreds of $k) when they shipped off their faba bean crops, the buyer/trader went 'belly up' and the administrators/liquidators claimed 'the beans are ours' --- you're just an unsecured creditor! Fortunately, dodged that one, but the scenario was 'a learning'.
 
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