Tuesday, 03 August 2021 13:41

Capital structure woes

Written by Milking It

font size decrease font size increase font size
Print
Email

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

'Regulatory Middlemen'

'Regulatory Middlemen'

OPINION: Groundswell's opinion of the incumbent farm industry representatives isn't high.

Milk Powder Prices Prop Up Farmgate Milk Price

Milk Powder Prices Prop Up Farmgate Milk Price

Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.

Fonterra's New Roadmap Targets Climate, Nature, Animals

Climate, nature and animal wellbeing make up Fonterra's refreshed sustainability roadmap released last week.

What Would Synlait Be Worth to Fonterra or a2 Milk?

Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.

Domestic Focus

OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided to focus on a domestic issue - oil and gas drilling.

Popular Reads

Taupiri Farmers Chase Ownership After Awards Success

For Taupiri dairy farmers Logan and Sian Dawson, their involvement in the NZ Dairy Industry Awards has been a key…

West Otago Farmer Luke Kane Wins Rabobank 2026 Prize

West Otago dairy farmer Luke Kane has been awarded the 2026 Rabobank Dr John Morris Business Development Prize.

80% of NZ Parents Say Dinner Planning Is Too Much Effort

"What's for dinner?" may sound like a simple question, but for many Kiwi parents, answering it has become a job…

NZ Apple Sector Pushes for Japan & Korea Market Access

The apple sector is working with the Government to unlock access to two key markets that could bring millions in…

What Would Synlait Be Worth to Fonterra or a2 Milk?

Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question,…

Featured

DairyNZ's Tracy Brown Flags El Nino Risk for Dairy Farms

Most dairy regions around the country have had a pretty good season so far says Tracy Brown.

Mark Hooper Joins NZPork Board as Independent Director

Rural leader Mark Hooper has been appointed as an independent director to the NZPork board, bringing extensive farming, governance and advocacy experience to the role.

Opportunity Says Land Tax Won't Force Farm Asset Sales

Opportunity says its land value tax (LVT) is unlikely to force farmers into a position where asset sales or increased debt are required.

Milk Powder Prices Prop Up Farmgate Milk Price

Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.

Fonterra's New Roadmap Targets Climate, Nature, Animals

Climate, nature and animal wellbeing make up Fonterra's refreshed sustainability roadmap released last week.

New Rural Recycling Scheme to Boost Farm Plastic Recovery

The Government is introducing a new nationwide rural recycling scheme that will significantly increase the recovery of farm plastics from March next year, Minister for the Environment Nicola Grigg announced today.

National

DairyBase and MINDA Link Up to Cut Farmer Paperwork

Farmers can spend less time on paperwork, thanks to a new data sharing agreement between DairyNZ’s DairyBase and LIC’s MINDA…

Rural NZ Welcomes $8.5m Government Health Package

Rural New Zealand is welcoming the Government’s recent package of rural healthcare initiatives.

Massey Adds New Majors in Agritech, Animal Science

Interest in agritech and production animal systems has prompted Massey University's School of Agriculture and the Environment to new majors…

Ballance Returns to Profit, Announces $18.2m Rebate

Ballance Agrinutrients chief executive Kelvin Wickham says despite a tough year, he is pleased the business has returned to profit.

Mark Cameron Steps Down, Reflects on Farmers' Voice

When Northland farmer Mark Cameron entered parliament six years ago, the Beehive was a lonely place.

Machinery & Products

Stihl Launches BT140, Its First Battery-Powered Auger

With battery tools becoming more widespread and more importantly, productive and reliable, it was only time before we saw augers…

Pöttinger Launches TOP V 6520 C Twin Rotor Rake

Austrian manufacturer Pottinger has released details of a new compact, linkage-mounted compact twin rotor rake, without a chassis, that is…

Lemken Saphir XMR: New Mechanical Seed Drill Launched

The new Lemken Saphir XMR mechanical seed drill has been introduced as the successor to the proven Saphir 10m, with…

Deutz AG and TAFE Motors Launch Engine Facility in India

Founded in Cologne, Germany, in 1864, Deutz AG is the world’s oldest engine company, with its engines and systems used…

Deutz AG and TAFE Motors Launch Engine Facility in India

Founded in Cologne, Germany, in 1864, Deutz AG is the world’s oldest engine company, with its engines and systems used…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

'Regulatory Middlemen'

OPINION: Groundswell's opinion of the incumbent farm industry representatives isn't high.

Domestic Focus

OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided…

» eNewsletter