Written By: - Date published: 12:53 pm, May 28th, 2016 - 167 comments
Written By: - Date published: 4:34 pm, March 16th, 2016 - 36 comments
Guest Post: by Simon Louisson The news for cow cockies and the wider dairy industry just gets grimmer and grimmer, but relax everyone, the banks will be fine, according to the Reserve Bank of New Zealand today. On a day when prices fell another 2.9 percent in Global Dairy Trade auction and Fonterra announced it […]
Written By: - Date published: 3:06 pm, March 10th, 2016 - 49 comments
Simon Louisson on the Reserve Bank’s surprise announcement to reduce the official cash rate by 25 points.
Written By: - Date published: 5:47 pm, March 8th, 2016 - 141 comments
Pundits, most residing in the National Party, just three years ago predicted the economy would surf high on “rivers of white oil” flowing from the dairy industry, but they now have cow pats splattered on their faces as Fonterra today announced another payout downgrade and signalled liquidity pressures.
Written By: - Date published: 2:22 pm, August 22nd, 2015 - 55 comments
Solid Energy was this month placed in Voluntary Administration following its financial collapse. Landcorp may not be in quite the same pit as the coal miner, but negative cash-flow and rising debt likely mean it has breached banking covenants. It may be forced to sell good assets at the bottom of the market. Simon Louisson questions why?