Rural News
National Banks March rural report
5th Mar 10, 3:36pm
by
The National Bank studies Fonterra's proposed changes in capital structure, and looks at how new generation co-operatives( two UK and two NZ NGC's) have performed in the market. They say it seems clear that the financial performance of a new generation co-operative needs to be very strong to support the price of a restricted share close to asset backing. The report shows that share price premiums/discounts over asset backing are quite variable between companies and for the same company over time.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.