The old farm gate milk price and Heartland 'exposure' to it saga ..... who could forget the angst it caused .... very emotional it was, esp to the Heartland believers and Jeff's disciples. Cant say bad things about Heartland was the lesson.
Have to say it did have ome impact on HGH share price
The HGH share price had seen a steady increase to the 120/130 up to early 2015. Farm gate milk price over $8
Farm gate milk price dropped to $4.40 in 2015 and $3.90 in 2016 seasons
Heartlands profit still kept going up .... but it's share price was still $1.30 odd in mid 2016
Farmgate mil prices started going up mid 2016 and payout was $6.12 for rthe 16/17 season (Fonterra) ,,,,, and the Heartland share price went from about $1.20 to $1.90
Spooky eh ..... low farmgate milk prices and subdued Heartland share price (with increasing profits) and then over next year booming farmgate prices and Heartland share price
Could sat the low farmgate milk prices didn't impact Heartlands profit but the sentiment around the milk prices did impact the share price
Heartland investors should still follow Global Dairy Trade prices which to some extent drives farmgate milk prices .... and seems to in a weird sort of way give an idea as to what way the Heartland share price will hed
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