Jarden cautious on Fonterra units despite upbeat outlook

Jarden cautious on Fonterra units despite upbeat outlook
Fonterra CEO Miles Hurrell is upbeat about the company's outlook, but Jarden urges caution. (Image: Getty)
Staff reporters
Fonterra has recently upgraded the co-operative's earnings forecast, but analysts at Jarden are cautious about the Shareholders Fund's future as an investment, due to several uncertainties.Last week, the co-op revised its 2023 forecast earnings guidance to between 45 and 60 cents per share, up from 30 to 45 cents per share, on the back of ongoing strong demand for dairy.A Jarden analysis said indications were that Fonterra Shareholders Fund (FSF) units were “enjoying supernormal profits from non-reference products" at the sam...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024