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Fonterra Co-Operative Group Ltd (FCG.NZ)

FCG.NZ on New Zealand Stock Exchange

6.05NZD
23 Apr 2017
Change (% chg)

$-0.02 (-0.33%)
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$6.07
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Volume
144
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Latest Key Developments (Source: Significant Developments)

Fonterra completes allotment of co-operative shares to shareholders under DRP
Wednesday, 19 Apr 2017 09:14pm EDT 

April 20 (Reuters) - Fonterra Co-operative Group Ltd :completed allotment of co-operative shares to shareholders under dividend reinvestment plan for 2017 interim dividend..issue of new shares under dividend reinvestment plan at issue price of nz$5.902.  Full Article

Fonterra Co-Operative Group confirms forecast farmgate milk price
Thursday, 23 Mar 2017 09:38pm EDT 

Fonterra Co-operative Group Ltd : Global dairy update march 2017 . Fonterra confirmed its forecast farmgate milk price under the quarterly dira update at $6.00/kgms. . Total new zealand milk production for January was down 1% compared to the same month last year . Australia production in December decreased 4% compared to the same month last year . Total New Zealand dairy exports in December decreased 4% compared to the same month the previous year .Fonterra’s forecast New Zealand milk collection for the 2016/17 season has been revised to 1,515 million kgms.  Full Article

Fonterra Co-Operative appoints Scott St John as chairman of milk price panel
Tuesday, 21 Mar 2017 11:40pm EDT 

Fonterra Co-operative Group Ltd : Milk price panel appointments . Scott St John has been appointed to milk price panel replacing Clinton Dines, from 1 April 2017 . Ashley Waugh has been appointed to milk price panel to replace Michael Spaans who stepped down from Fonterra board . Jackson remains as a member of milk price panel .St John has also been appointed as chairman of panel replacing David Jackson.  Full Article

Fonterra posts HY net profit after tax of NZ$418 mln, up 2 pct
Tuesday, 21 Mar 2017 03:31pm EDT 

Fonterra: Interim dividend of 20 cents per share - to be paid in april . Sees 2017 forecast farmgate milk price $6.00 per kgms . Sees 2017 forecast cash payout $6.40 after retentions . HY net profit after tax (NPAT) NZ$418 million, up 2% . HY revenue $9.2 billion, up 5% . "See some challenges and opportunities ahead in second half" . FY revised forecast earnings per share range of 45 to 55 cents . For FY "continuing to have confidence in achieving a target dividend of 40 cents per share" . "Are well on track to achieve our target of an additional 400 million LME to higher value products by year end" . "Fundamentals of dairy are strong but there will be ongoing volatility in our global markets" . "Co-operative will continue to offer a dividend reinvestment plan" .All figures in NZ$.  Full Article

Fonterra confirms 2016/17 forecast farmgate milk price of NZ$6 per kgms
Wednesday, 22 Feb 2017 02:31pm EST 

Fonterra Co-operative Group Ltd : Fonterra confirms 2016/17 forecast farmgate milk price . Fonterra co-operative confirmed the forecast farmgate milk price of $6.00 per kgms announced in November . "Fonterra also announced that it would increase the monthly advance rate it pays to farmers." . "Global outlook for dairy remains positive" . When combined with forecast EPS range for 2017 of 50 to 60 cents, total pay-out available to farmers in current season is forecast to be $6.50 -$6.60 before retentions . "The advance rate for february, paid in march, has increased to $4.85 per kgms." . Originally expected to be down 7 per cent for the season, New Zealand collections forecast has now improved to a five per cent decline on last season . "Global dairy update for Feb reported that the co-operative's New Zealand milk collections were showing signs of recovery" . Fonterra also announced that it would increase the monthly advance rate it pays to farmer .All figures in NZ$.  Full Article

Fonterra says milk collection across Australia for six months to Dec 31 reached 65 mln kgms
Wednesday, 11 Jan 2017 08:31pm EST 

Fonterra Co-operative Group Ltd : in December the significant decrease in Fonterra New Zealand milk collections continued, down 5% on the same month last year. .milk collection across Australia for the six months to 31 December reached 65 million kgms, 7.6% lower than December last season.  Full Article

Fonterra says co's New Zealand milk collections falls in Nov, production down 7 pct
Tuesday, 20 Dec 2016 09:16pm EST 

Fonterra Co-operative Group Ltd : global dairy update december 2016 . in november the significant decrease in fonterra new zealand milk collections continued, with production down 7%. . Total new zealand milk production for october was down 5% compared to the same month last year. . fonterra forecast milk collection in new zealand for 2016/17 season maintained at 1,460 mlnkgms, 7% down on last season .Australia production in october decreased 11% compared to the same month last year.  Full Article

Fonterra increases farmgate milk price
Thursday, 17 Nov 2016 02:34pm EST 

Fonterra: Increased its 2016/17 forecast farmgate milk price by 75 cents to $6.00 per kgms . Qtrly sales volumes are up two per cent to 4.9 billion litres liquid milk equivalent (lme), while gross margin of 22 per cent remains largely unchanged . For FY 2017 total payout available to farmers in current season is forecast to be NZ$6.50 to NZ$6.60 before retentions . Fonterra's Q1 revenue of NZ$3.8 billion is up six per cent on same period last year . "We do expect this volatility to continue which could impact both milk price and earnings guidance" ."Current milk collection forecast is 1,460 million kilograms of milk solids, down 7% on last season, and this is constraining sales.".  Full Article

Fonterra says forecast earnings maintained at 50-60 cents per share
Thursday, 17 Nov 2016 02:34pm EST 

Fonterra Co-operative Group Ltd : "Forecast earnings is maintained at 50-60 cents per share with emerging headwinds" . For the full 2017 financial year, we are forecasting capital expenditure of NZ$900 million. .In Australia, revised our forecast closing milk price to AUD5.20 per kgms.  Full Article

Mercer Group updates on Silo incident at Edendale site
Wednesday, 5 Oct 2016 03:58pm EDT 

Mercer Group Limited : Updates on Silo incident at Edendale site . On 16 September a raw milk Silo collapsed at Fonterra's Edendale site in Southland . MGL is working with Fonterra and other parties to determine cause .Investigations into cause of collapse are continuing.  Full Article

More From Around the Web

BRIEF-Fonterra completes allotment of co-operative shares to shareholders under DRP

* completed allotment of co-operative shares to shareholders under dividend reinvestment plan for 2017 interim dividend.

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