Derived from the half year commentary... "On 1 January 2017, the...

Derived from the half year commentary...

"On 1 January 2017, the Group completed its transformation to a true vertically integrated milk company with its own milk being utilised in company branded products. The Group has also been able to establish the basis for a number of very positive joint venture opportunities with experienced industry partners, which the Board expects will allow the Group to make some material strategic development steps during the next two years. The Directors believe that the work being undertaken now in establishing these partnerships will transform the Group to be a substantial processor of high value added products."

We have sleight of words.
"...with its own milk being utilised in company branded products." Farmers Own, if we are still doing this, is "whose" company branded???

And I hate these passive sentences that elude to something but are so vague and caveated that essentially they say nothing.

"...been able to establish the basis for..."
"...with experienced industry partners..."
"...the Board expects will allow the Group to make some material strategic development steps..."
"...Directors believe that the work being undertaken now in establishing these partnerships..."
"...substantial processor high value added product."

Maybe I am just to damn particular and pedantic but the rhetoric and unaccountable language doesn't work for me and I expect some tangible targets, some performance tracking against those measurable targets and some reporting of such.

And as for the constant referral to "joint ventures".....how long have we had that rubbish trotted out and yet the half year report discloses AHF is not party to any joint ventures.

It is Friday, so maybe I am just cranky like the guy that @oznewinvestor000 is going to contact, maybe we are twins.