Australian (ASX) Stock Market Forum

The state of the economy at the street level

You are an optimist @Knobby22 😉
..I am not so sure..😊
Luckily, a few current affairs shows etc might bring this mess to the attention of the union cohorts, and force a corrective move.
Not so sure about the Housing department scandal or the Aborigiise affairs disasters.
As @sptrawler mentioned, only a labour government can act even a bit properly on any of the sensitive subjects: gender, religion, welfare, union, aborigines ...any move by the coalition would be torpedoed by media, judges, UN commissions and unknown "personalities" at a mere suggestion.
Let's hope not too many unions are involved in these rorts and ALP will have some balls..but can as steer regrow balls Mr @farmerge ?
Have all a great week end, and for many..but not us in Qld , a long one
He has put his name on it. Things will happen. It's actually important to the government as it's a budget blowout. It's not union run.
 
You are an optimist @Knobby22 😉
..I am not so sure..😊
Luckily, a few current affairs shows etc might bring this mess to the attention of the union cohorts, and force a corrective move.
Not so sure about the Housing department scandal or the Aborigiise affairs disasters.
As @sptrawler mentioned, only a labour government can act even a bit properly on any of the sensitive subjects: gender, religion, welfare, union, aborigines ...any move by the coalition would be torpedoed by media, judges, UN commissions and unknown "personalities" at a mere suggestion.
Let's hope not too many unions are involved in these rorts and ALP will have some balls..but can as steer regrow balls Mr @farmerge ?
Have all a great week end, and for many..but not us in Qld , a long one
@qldfrog It would be a biblical coming if a nutted steer was to get them back as a working pair.
 
It is getting tough out there, for consumers and business. Major fresh produce supplier HS Fresh Food has been placed in administration

I don't buy readymade salads, but I have always wondered how they balance wastage; my thinking is that readymade salades need to be continually moved off the shelf. I presumed that the profit margin was high enough to cover all costs and wastages, but with consumer spending being diminished by higher expenses, taxes and interest rates, those readymade salads are staying on the shelves.

HS Fresh Food, which is a major supplier of salads and fresh produce to Coles and Woolworths, has been placed in voluntary administration, with more than 500 jobs across the nation reliant on a successful sale or restructure of the business.
Tasmania-headquartered HS Fresh Food is the parent company for the brands Houston’s Farm, Sunfresh, Gourmet Selections and HS Fresh Farms, with its products including bagged salad leaf varieties such as baby spinach and rocket, and pre-packaged salads.

The company has a national network of farms and food processing and manufacturing sites, with operations in Queensland, South Australia, Tasmania, Western Australia and New South Wales.

The company employs more than 500 people according to its online profile.

FTI Consulting’s Ben Campbell, Joanne Dunn and Vaughan Strawbridge have been appointed as administrators, and Mr Strawbridge said on Tuesday they intend to seek a restructuring and/or sale of the group, while continuing to trade the business.

“We are working with HS Fresh Food Group’s management team and staff, and other stakeholders to continue operations while we secure the future of the business,’’ Mr Strawbridge said.

16f8e5f509985e0c986e94d9df787dee.jpgHS Fresh Food includes the Sunfresh brand. Picture: Supplied

“A sale process for the business and assets of the HS Fresh Food Group was undertaken and in advanced stages at the time our appointment.

“We intend to continue this process, whilst exploring all available options, and are confident of completing a sale and/or recapitalisation of the business in an expedited time frame with the support of all relevant stakeholders.”

FTI said HS Fresh Food was “a leading player in the food industry with national coverage and one of the broadest sets of growing and processing capabilities within the fresh food sector. “The vertically integrated, multi-branded and Australian-owned food producing and processing business specialises in fresh salads, bagged salad leaves, deli products, ready-made meals and pre-prepared vegetables.’’

The group has numerous shareholders, having acquired a number of businesses over the years.

WA-based Gourmet Selections, for example, has been operating since 1991, and produces a wide range of bagged salads and salad bowls.
 
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It is getting tough out there, for consumers and business. Major fresh produce supplier HS Fresh Food has been placed in administration

I don't buy ready mad salads, but I have always wondered how they balance wastage; my thinking is that readymade salades need to be continually moved off the shelf. I presumed that the profit margin was high enough to cover all costs and wastages, but with consumer spending be diminished by higher expenses, taxes and interest rates, those readymade salads are staying on the shelves.
i hold WOW ( 'free-carried' ) and COL ( courtesy of the WES demerger )

neither are likely to dip low enough to attract extra cash from me

but is this less office lunches being bought in the Southern cities ?
 
Pretty sure supplying supermarkets have very little markup.

You are either geared up for it or into it for brand exposure.
am trying to gauge the ripple effect across the relevant regions

sure that is 500 jobs endangered ( or gone completely ) , but the fruit&vege sales , are there less office workers employed there ( or just cash-strapped ) , possibly barely a scratch for COL and WOW cash-turnover wise

in the current economy one cannot safely assumed that niche market will be replaced ( many more workers might resort to bringing home-made meals to work )
 
ALP is union run, remember how Rudd lost on that one , so de facto, CFMEU/ unions are running the country, until ALP loses power, with expected outcomes
Gillard was a puppet of Mossad, it was Mark Leibler and his pals in the media that had Rudd sacked. it was over 3 Mossad isreal agents in Australia on fake passports Rudd wanted deported and Leibler refused
Gillard was a puppet for the unions as it was her and Shorten that wrote the fair work act with the unions

wither way the ALP is ALP a bunch of communists left-leaning hacks pretending to stand up for Australians whilst driving the dagger deeper to ruin the country
(LNP) are not much better

 
whole micro-economies revolve around workers who buy lunch/dinner during the working day
Indeed.

In the CBD there's plenty of cafes and quick service restaurants in the CBD that basically exist to serve workers. Anyone else who comes in, tourists and so on, are really just a bonus.

Go to any industrial area and somewhere there'll be a shop that sells all manner of ready to eat food from fried through to sandwiches and so on. Those working there are employed by that business as such, but in truth it's the big factory just across the street and it's the warehouses and so on that are their real reason for being. Without those, there's nobody to buy the food.

There's quite a few mobile food vendors, coffee and food, who do the rounds too. Place your order and the van turns up and here's your lunch. They mostly target offices outside the CBD plus smaller industrial type businesses. :2twocents
 
Another sign that things are getting hard, bin rummaging on the verge.
In a place we visited recently overseas, the city rubbish bins were all emptied onto the streets, hopefully the economy doesn't get that bad here.

 
Another sign that things are getting hard, bin rummaging on the verge.
In a place we visited recently overseas, the city rubbish bins were all emptied onto the streets, hopefully the economy doesn't get that bad
one man's trash is another's treasure.

there's been a bit of 'rationalising' at DF mansions and stuff is put on verge, in a prominent place. It usually goes within an hour or two. We provide a visibility and ability to pull over. One guy saw me putting things out, and asked if he could take the lot. I said sure, and asked why..... he said he'd get a few dollars at the local bric-a-brac market for things.
 
I saw an old lady going through the bins at our local shopping centre looking for bottles and cans. I haven't seen that for a long time in my area.
Unfortunately, these are the people that are seen but not seen.
It's not the kids looking for a bit pf pocket money these days, but others trying to make ends meet in a very trying set of circumstances.
 
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