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10 May 2021 17:41
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  •   Home > News > Rural

    Analysts saw today's bad news from Fonterra coming from a mile away

    Analysts saw today's bad news from Fonterra coming from a mile away


    Fonterra
    Fonterra
    The dairy giant won't pay a dividend for the year to end of July - anticipating a loss of up to 675-million-dollars this financial year.

    Craigs Investment Partners' Mark Lister says the co-operative's shares haven't taken a massive hit today, as analysts have been predicting this for a while.

    He says many saw the asset write-downs coming, and it's a continuation of Fonterra's weakness.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
     21 Apr: Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight
     07 Apr: Fonterra's Global Dairy Trade auction has recorded a slight rise in prices overnight
     01 Apr: Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars
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