Speaker 1: You're listening to a share these podcast, what do you
Speaker 1: see for twenty twenty five? Anyway, the main challenges are
Speaker 1: head fourth on terror.
Speaker 2: Yeah, I think the geopolitical landscape that we see ourselves,
Speaker 2: and you know, we've been dealing with us, as I say,
Speaker 2: for a long long time. But yeah, the situation it's
Speaker 2: playing out in gars of the situation that's been playing
Speaker 2: out in Ukraine. You know, the elections that we've seen
Speaker 2: in North America. All these things you know, have have
Speaker 2: have seen more come to light, I guess in a
Speaker 2: relatively short period of time. So making sure we're nimble
Speaker 2: enough for that, having a strong balance sheet to withstand
Speaker 2: any shocks that come our way, really strong customer partnerships,
Speaker 2: and so despite all these things that go on around us,
Speaker 2: you know, people still need to eat, people still need
Speaker 2: to consume, and if things get hard, you know, having
Speaker 2: the wrong relationships and place globally could sit you back.
Speaker 2: But if you've got these partnerships, the custom partnerships that
Speaker 2: have been around for a long long time, they will
Speaker 2: stand some good stead we believe to get us through.
Speaker 2: And then you know, it sounds simple, but the diversification
Speaker 2: of our markets, you know, is you know, while there
Speaker 2: are some markets that we may struggle to deal sometimes
Speaker 2: because it can be a little bit tough and getting
Speaker 2: cash out of them, or they may speak a different language,
Speaker 2: whatever it may be. You know, just having the boots
Speaker 2: on the ground to be able to deal with those
Speaker 2: markets and those customers because at certain times you need them,
Speaker 2: and so that's important for us and something that's helplesus
Speaker 2: to date in terms.
Speaker 1: Of investors, for Cheesys and investors anyway. I mean, I
Speaker 1: probably should explain that there are the two types of
Speaker 1: Fontierra shares. Is the co op she is if CG
Speaker 1: I think it is, and then you've got the Fontierra
Speaker 1: she hold a fund with the if IF three fund,
Speaker 1: which is probably what most shares these investors will be
Speaker 1: thinking about. Obviously, investors always look at the outlook and
Speaker 1: where a company is going. China obviously being talked about
Speaker 1: a lot. You've got the farm gate price, those sorts
Speaker 1: of things. The outlook. I think you gave some guidance
Speaker 1: back in December, and it would seem fairly as you say,
Speaker 1: record highs for that farm gate price. Is there anything
Speaker 1: our set's helpful for investors to understand in terms of
Speaker 1: you know, where a company might be headed.
Speaker 2: I mean, look, it's no secret that we went through
Speaker 2: some pretty tough times to go back to twenty seventeen
Speaker 2: eighteen nineteen, and we had to sort of do things
Speaker 2: differently and we've talked a bit about that, and you know,
Speaker 2: as a result, our year for us took a hit,
Speaker 2: and probably rightly so. But hopefully in the last two
Speaker 2: or three years, you know, we're showing our investors, we're
Speaker 2: shown our hearholders, We're shown that the unit holders that
Speaker 2: you know we stand up and say we're going to
Speaker 2: do something, we get on and do it. We are delivering.
Speaker 2: Our performance has shown that we're delivering and despite a
Speaker 2: record high milk price, you know, earnings and the earnings
Speaker 2: persh year guidance that we've got out there is also
Speaker 2: pretty good. We've increased our dividend policy which also shows
Speaker 2: that there's a half decent yield there as well. So
Speaker 2: all those things hopefully give some confidence to the sharholder
Speaker 2: community that we're here for all our stakeholder groups, which
Speaker 2: includes farmers, unit holders. Clearly the New Zealand and public
Speaker 2: have an interest in what we do, and Wellington obviously
Speaker 2: like to take a bit of interest from time to time.
Speaker 2: So you know, we understand the role that we play,
Speaker 2: but you know, hopefully the performance to date, the clarity
Speaker 2: of our strategy and where we're heading, gives that confidence
Speaker 2: that unit holders and shoeholders have in their business.
Speaker 1: So your March results are coming soon, and who knows,
Speaker 1: we can't expect too many surprises, but you're pretty confident
Speaker 1: that things are steady in tracking along.
Speaker 2: Yeah, so that finished over the weekend the thirty. The
Speaker 2: end of January was the end of the half years,
Speaker 2: and so yeah, we're expected to come out in mid
Speaker 2: March with what those results look like. And so yeah,
Speaker 2: there's nothing that to get away from our guidance out
Speaker 2: there at the moment of forty to sixty cents and
Speaker 2: a milk price of ten dollars midpoint.
Speaker 1: Investing involves the risk you might lose the money you
Speaker 1: start with.
Speaker 2: We recommend talking to a licensed financial advisor. We also
Speaker 2: recommend reading product disclosure documents before deciding to invest.