Tuesday, 03 August 2021 13:41

Capital structure woes

Written by  Milking It

OPINION: It seems Fonterra's revised preferred option for its new capital structure has fallen short of farmer expectations.

Judging by the performance of Fonterra's share price on the New Zealand Stock Exchange, farmers are still offloading their shares for fear of the prices crashing under a farmers-only trading market.

Since the revised preferred option was unveiled on July 19, the share price has dropped 40c to $3/share.

The share price touched an all-time low of $2.88 six weeks ago and was heading into the same territory last week.

More like this

$8 still on the cards

Farmgate milk price forecasts continue to fluctuate despite a rise in the last Global Dairy Trade (GDT) auction.

National

Have your say

DairyNZ says it will complete a submission on both the winter grazing and the freshwater farm plan consultations, providing firm…

Machinery & Products

Effluent injection goes XL

Dutch effluent specialist Vredo is testing 15 and 18-metre wide slurry injection rigs for the upcoming 2022 spreading season.

Choosing the right pump

Choosing the right pump for an effluent system is the key to ensuring a system works well and gives many…

Spreading muck with ease

Palmerston North headquartered Strautmann Hopkins Ltd imports the extensive range of Strautmann Muck Spreaders for farmers and contractors, built by…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Liquid or powder?

Fonterra, the biggest exporter of milk powder to Sri Lanka, may have a new battle on its hands.

Failed legal action

UK vegan and animal rights groups have failed in a bid to ban an advertising campaign promoting meat and dairy…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter