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本帖最后由 lgmqy2000 于 2018-5-18 09:35 编辑
A defiant Mr Clarke made an unscheduled analyst call on Thursday, as the stock fell more than 12 per cent in morning trade, before partially recovering to close down $1.12, or 6 per cent, at $16.90.
While Mr Clarke insisted his strategy remained on track, insiders told The Australian Financial Review, Treasury sales staff in China were under intense pressure to meet unrealistically high targets before June 30.
"Many of them look like a deer in the headlights. They don't know how they are going to push more stock out," said one source.
In response to an article in the Financial Review, Mr Clarke said wholesalers complaining of a supply glut of up to three years worth of stock were nothing but a "few squeaky wheels".
He insisted they were a small minority who had been cut as partners by Treasury for attempting to "cherry pick" the company's best selling wines and "game" the system.
This is at odds with the message coming out of first tier wholesalers and the big supermarket chains in China who maintain the issues are "industry wide" and not isolated examples as Mr Clarke insisted.
Above is from an article on afr.com Chart will soon tell if this is a system wide issue or just as the TWE boss defended, it's isolated. He has a lot at stake, $8.7 million performance bonus. |
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