Recent comments by: Intrigued
Would the floaters ( lets sell the business) care to tell us how much they believe CBH is worth and how this will be split up between the Co-op members and will they hold their shares or sell them? What dividend would they expect from their investment. How many of these have still got their Wesfarmers shares? How much control have they got now. Is there any farmer elected board members. Brookfield are a public company intent on screwing the farmers on Rail access rates. Be careful what you wish for. Companies float to raise capital, what major capital improvements will lower handling costs.
$1,000,000 is a nice salary if you can get it. One can assume that the directors, who are voted in by the Co-op owners must be happy to pay this otherwise, they would find someone else to run the show. How many people trading in the share market over the last year have made a equivalent profit. I would bet there was a few in the oil, iron ore and nickel game who would like to see that profit. If you just want to cash out of the grains industry now you would love to see CBH floated and not care that the executive salary for the CBH CEO would probably go to $2.5 million & handling costs go up
2015 was the hottest year on record, the last 15 years have seen the hottest 14 years on record and we still having people saying it is a fraud! Not sure what type of proof people need but any amount of funding in research would not convince them. To take 20% of funding away from any organisation something's have to go, our leading scientists have decided which programs will stop. Maybe FW could explain where the $1.3 billion in Turnbull's innovation package is going. Probably to the Coal miners! liberating more CO2 from coal is sure to fix the problem!