SPC goes under

[macca]

Didn't the employees of SPC buy shares in the company to keep it open, a few years back

We thought they formed a co-op, and were surprised to see Coke as an owner.

Govts spend a fortune on the car industry what about some of the others aren't they important enough?.

Piss off the big mobs, make these businesses' Govt owned and keep it Australian!

And stuff the share holder, the whole world revolves around the share price and dividends what a selfish way to run a company.

The Chinese are doing it.

[Steve4wdin]

We thought they formed a co-op, and were surprised to see Coke as an owner.

Govts spend a fortune on the car industry what about some of the others aren't they important enough?.

Piss off the big mobs, make these businesses' Govt owned and keep it Australian!

And stuff the share holder, the whole world revolves around the share price and dividends what a selfish way to run a company.

The Chinese are doing it.

Shoot me down but that is a form of communism. How ever, I agree, this share holder / profit is just greed. When their is no manufacturing left, what do the "share holders " invest in then. Maybe the oldest profession of all. Because that's about all that will be left.
Steve

[macca]

Steve if that is a version of communism and it keeps jobs for Aussies in Australia and helps maintain our fantastic standard of living then lets have a good look at it.

We spend so much time and money in aid overseas but the blinkers are on when thousands of families here at home are effected by all the job losses, at some point we have to do something, what is the big question.

[Steve4wdin]

Steve if that is a version of communism and it keeps jobs for Aussies in Australia and helps maintain our fantastic standard of living then lets have a good look at it.

We spend so much time and money in aid overseas but the blinkers are on when thousands of families here at home are effected by all the job losses, at some point we have to do something, what is the big question.

Buddy, Refer to my first post. I don't believe in communism, I do believe in capitalism. I certainly don't believe in greed. That is short lived. Look at mining.

[Drewboyaus]

Buddy, Refer to my first post. I don't believe in communism, I do believe in capitalism. I certainly don't believe in greed. That is short lived. Look at mining.

The only thing that wins in capitalism is the capital. People lose.
I'm no communist but the capitalism being practised at the moment shows no regard for humanity.

[Drewboyaus]

This is an interesting piece of writing on the subject of capitalism for those interested:

http://www.theguardian.com/world/201...-americas-wire

[janderson]

@ AB it should be like years ago when our folks always had fruit trees , made their own jams etc,
I don't think the modern person has fruit trees let alone a veggie patch, every house has to have a lemon tree,
it should be the law lol.

2.jpg
my fruit trees about 20 off, what I don't have the neighbours have also got the veggie patch

[PMC]

G'evening lounge lizards,

As previously stated, Coca-Cola Amatil is a 9 billion dollar company; it paid over $524million dollars in 2005 for SPC Ardmona, so far Coca-Cola Amatil made 465 million profit in the last 12 months.

If this company is genuine about its business interests in Australia, it should not have any difficulty in offsetting part of its profit in capital upgrading of its plants in SPC Ardmona.

Something stinks about the way management have operated SPC Ardmona, when it has to ask the Australian tax payer for a 25 million grant so it can upgrade one of its plants.

Why did parent company (Coca-Cola Amatil) fail to provide the required capital expenditure as required to upgrade the new plant?

This demonstrates to me, that Coca-Cola Amatil does not give a toss about Australian jobs at its SPC Ardmona Company and furthermore, it does not give a toss about the folks in Shepparton, Victoria.

It only gives a toss about its dividends to shareholders. This company had a Net operating cash flow of $741.9m in 2013 compared to $641.8m in 2012.

The question should be asked, how fair dinkum is Coca-Cola Amatil’s business interests in its Victorian SPC Ardmona Company? And why is it not prepared to use its own funds to upgrade its proposed new plant?

PS, I wonder how many Australians are Coca-Cola Amatil and SPC Ardmona shareholders? I wonder if they give a toss about SPC Ardmona Company and the folks in Shepparton, Victoria.

Kind regards,

RLI

[Drewboyaus]

The question should be asked, how fair dinkum is Coca-Cola Amatil’s business interests in its Victorian SPC Ardmona Company? And why is it not prepared to use its own funds to upgrade its proposed new plant?

PS, I wounder how many Australians are Coca-Cola Amatil and SPC Ardmona shareholders? I wounder if they give a toss about SPC Ardmona Company and the folks in Shepparton, Victoria.

Kind regards,

RLI

My opinion is that they couldn't give a continental about either. I think as far as CCA are concerned they have bought a brand name. That is where they see value. Not in produce, not in farmers, not in factories and certainly not in the staff or community of Shep. I am sure that at some point in the future they fully expected to retain the brand name while filling tins with dubious quality, cheaper overseas produce.
That my friends is progress!

[gaddy]

PS, I wonder how many Australians are Coca-Cola Amatil and SPC Ardmona shareholders? I wonder if they give a toss about SPC Ardmona Company and the folks in Shepparton, Victoria.

Kind regards,

RLI[/QUOTE]

They are a top 50 blue chip company on the ASX , so pretty much everyone in a managed superfund , and I am assuming that nobody here has a can of plain wrap tomatoes or fruit in their cupboard , and always buys aussie made or owned ! and never ebays from overseas because it was cheeper then going to a shop and paying a couple of bucks more and keeping someone in a job , how many brought 4wd accessories on line from overseas , how many brought a new commodore or falcon in the last few years , yep we can blame the government for it , and they have a lot to answer for , as do we the consumer , these are just my thoughts as a consumer and nearly 30 years in the grocery retail industry .

Edit : sorry but I have been in a sales meeting today and this wss discussed at length