You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Nufarm Limited (NUF) is a global crop protection company. NUF develops, manufactures and sells a wide range of crop protection products, including herbicides, insecticides and fungicides. NUF sells its products in most of the world‚Äôs major agricultural regions, and operates primarily in the off-patent segment of the crop protection market. NUF operates along two business lines, being crop protection and seed technologies.
Strategy Analysis: Focus is on patent-expired product, using superior formulation and marketing nous to innovate and differentiate product. NUF is increasing sales of non-glyphosate crop protection products and seed technology where margins are higher. While still small, the seeds business is expected to experience solid growth with acquisitions a possibility. In 2007 NUF made a small investment in glyphosate-manufacturing capacity in China to secure supply in an increasingly tight market. Over-supply has since developed. In 2010 Sumitomo acquired 20% of NUF, subsequently increased to 23%. The two companies will complement one another¬īs product portfolios and distribution reach.
Nufarm reported NPAT down 53.5% to $8.39m for the half-year ended 31 January 2013. The impact of foreign exchange losses on financing activities (loss of $9.2m compared to a gain of $14.4m in previous period) was the major contributing factor to the lower statutory and underlying net profit outcomes. Revenues from ordinary activities were $934.41m, up 8.3% from the same period last year. Diluted EPS was 0.4 cents compared to 4.4 cents last year. The net operating cash outflow was $148.23m compared to an outflow of $71.06m in the pcp. The interim dividend declared was 3.0 cents in line with 3.0 cents last year.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.