Allied Farmers treads Stock Exchange board

The company, with operations in Taranaki, King Country, Waikato, Manawatu and Auckland, has about 6100 shareholders, mostly in its Taranaki base.

It has 10.6 million shares on issue. There was no issue to the public on listing.

Chairman Brian Train said the purpose of listing was to gain greater access to capital markets, a higher profile and increased trading liquidity for the company's shares.

The company last year made a $2.85 million net profit on revenue of $139 million. For the June year it is forecasting a $3.58 million gain on revenue of $106 million. The lower sales forecast reflected new trade terms and a business sale, Mr Train said.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

RAK - Rakon Receipt of Takeover Notice
January 12th Morning Report
GEN - Resignation of Corporate Counsel and Company Secretary
January 9th Morning Report
VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report
December 30th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT
December 29th Morning Report