Consumer Stocks

The bullwhip effect that led to Synlait Milk’s (NZX:SML) losses

  • September 27, 2021 10:16 PM NZDT
  • Roma
 The bullwhip effect that led to Synlait Milk’s (NZX:SML) losses

Highlights Synlait announces the biggest loss in years in its annual report. Strategies being drawn to identify the road to recovery. The bullwhip effect from December 2020 cited as the reason for the loss. Of late, Synlait Milk Limited (...

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a2 Milk Company shares get a boost after the deal with Matura Valley Milk

a2 Milk Company shares get a boost after the deal with Matura Valley Milk

Summary The latest acquisition of 75% stake in Matura Valley Milk will make a2 Milk Company a world-class nutritional product entity. a2 Milk Company along with its partners would start developing a middle-term facility for Matura Valley to del...

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What led to the significant rise in Mainfreight’s (NZX:MFT) shares in 2020?

What led to the significant rise in Mainfreight’s (NZX:MFT) shares in 2020?

Summary Mainfreight shares have been on an upside and are up by about 61.43% in the past 52 weeks. The Group performed strongly amid COVID-19 pandemic specially in NZ and Australian business for the half year ended 30 September 2020. MFT expec...

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The a2 Milk Company (NZX:ATM) set to buy huge stake in Mataura Valley Milk

The a2 Milk Company (NZX:ATM) set to buy huge stake in Mataura Valley Milk

Summary The a2 Milk plans to acquire MVM to build a stronghold in New Zealand Market. With an aim to develop strong ties with the CAHG and the Chinese market, the acquisition is set to be finalised in May 2021. A brief trading halt was announc...

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NZRLC makes a subdued entry on NZX at a small premium

NZRLC makes a subdued entry on NZX at a small premium

Summary New Zealand Rural Land Company (NZRLC) raised a minimum of NZ$75 million needed for its IPO but delayed the listing date to facilitate settlement with institutional investors. In early trading, NZRLC shares reached a high of NZ$1.31 com...

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SunRice Group (ASX:SGLLV) Expands Footprint into NZ Dairy Nutrition Business

SunRice Group (ASX:SGLLV) Expands Footprint into NZ Dairy Nutrition Business

The CopRice business of Ricegrowers Limited (trading as SunRice Group on the ASX, ASX:SGLLV) is all set to cater to Kiwis. The Company has signed a deal to take over the NZ dairy nutrition business of Inghams Group Limited.  The deal includes...

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The a2 Milk (NZX:ATM) revises 1H21 and FY21 guidance

The a2 Milk (NZX:ATM) revises 1H21 and FY21 guidance

Summary On 18 December, The a2 Milk Company lifted the trading halt, following the release of an updated IH21 and FY21 guidance. The internal sales predictions for diagou and the CBEC channels from the rest of FY21 is now materially lesser. Th...

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Fonterra, Nestlé and DairyNZ team up to expand Plantain Project

Fonterra, Nestlé and DairyNZ team up to expand Plantain Project

Fonterra Co-operative Group Limited (NZX:FCG) and Nestlé have joined hands with Dairy NZ for the expansion of plantain trial to aid in the improvement of waterways and lower on-farm greenhouse gas emissions. Source: Shutterstock Dairy NZ i...

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Seeka (NZX:SEK) Boosts PBT Guidance; Shares Zooms up above 8%

Seeka (NZX:SEK) Boosts PBT Guidance; Shares Zooms up above 8%

Summary Seeka Limited increased its PBT guidance. It presently ranges from NZ$15 million to NZ$17 million. The guidance improved because of improvement in operational earnings, cost savings and the expected gain from the sale and lease back of ...

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PGG Wrightson (NZX:PGW) Raised its Guidance; Expects Operating EBITDA of ~ NZ$57 million

PGG Wrightson (NZX:PGW) Raised its Guidance; Expects Operating EBITDA of ~ NZ$57 million

The Board of PGG Wrightson Limited (NZX:PGW) is determined to update guidance regarding FY2021 earnings and dividend expectations. On 8 December, at the time of writing, PGG Wrightson shares were trading at NZ$3.03, up by 5.21%. PGG Wrightson Limit...

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QEX Logistics (NZX:QEX) faced tough conditions in 1H21 amid COVID-19

QEX Logistics (NZX:QEX) faced tough conditions in 1H21 amid COVID-19

Summary QEX Logistics faced tough times in H1 of 2021, with its revenue and profit impacted due to COVID-19 related diagou sales drop and altering consumer habits in China. An estimated NZ$4.3 million of inventory was removed from its secured C...

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