Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
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.
