Oh I don't know about that mate. Volumes 13% greater than IPO forecast and currency dropping by 20% in recent months is a pretty powerful combination of events !! Winner might get his $2.60 well before Xmas !!
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Well the market is just waking up to this stock. Currency bias is weaker, harvest is strong, circa 40% additional acreage coming on stream in FY18, inclusion in the NZX50, Trans pacific partnership agreement imminent, new $30m Auckland coolstore due for completion this year e.t.c.e.t.c..
Thats why its good to be aware of news...lots of reading and research. Every stock is risky...if an external factor comes into play. That's what exactly happended to HNZ.
Hope they charging fonterra heaps for storing the excess milk powder