Tuesday, 19 February 2019 11:18

More bad news?

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A mate of the Hound reckons that Fonterra’ directors may finally be coming to grips with just how bad its Chinese investments have been for its farmer shareholders.

Your canine crusader’s informant claims to have innocently sat recently near a couple of stressed co-op directors in the Air NZ Koru lounge. They were deep in discussion about the co-op’s investment ‘dog’ in China, and were poring over meeting papers on the subject.

This old mutt’s informant says his ears pricked up when the directors’ hushed voices rose sharply as they added up the cost of the disastrous investments. He says Fonterra shareholders should brace themselves for more bad news very soon.

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