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The Extra cost per farm p.a on the plains of Canterbury for...

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19/09/17

20:03

Post #: 27325761
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Originally posted by cacoa ↑

As a Australian you might not be aware of the political changes affecting A2M in NZ

A2M performance is remarkable for a company that draws most of its income from less than 1 per cent of New Zealand's cows, with those cows living on the irrigated plains of Canterbury.

Those irrigated plains of Canterbury are about to get taxed heavily for water usage if Labour wins the election in a week as the irrigation has sucked the rivers dry.

Most these farms are not sustainable without heavy irrigation as the lands historically sheep territory and very dry naturally.

There is massive pressure on farmers

The is a huge rift between urban and rural voting right now between national and labour with many protests.

whether this will impact A2M is yet to be seen, but something to consider

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The Extra cost per farm p.a on the plains of Canterbury for taxed irrigation is estimated to be between $40,000 and $60,000 per farm, it takes a lot of milk sales to make 40K

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A2M Price at posting: $5.36 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $5.99		Change 0.075(1.27%)		Mkt cap ! $4.297B

Open	High	Low	Value	Volume
$5.92	$6.00	$5.92	$1.835M	307.9K

Buyers (Bids)

No.	Vol.	Price($)
16	3255	$5.98

Sellers (Offers)

Price($)	Vol.	No.
$5.99	14211	10

View Market Depth

No.	Vol.	Price($)
19	12522	5.970
27	27050	5.960
14	27205	5.950
19	16778	5.940
13	27372	5.930

Price($)	Vol.	No.
5.980	3799	8
5.990	28428	12
6.000	77199	23
6.010	5069	8
6.020	4384	6

Last trade - 13.16pm 03/05/2024 (20 minute delay)


Last $5.98			Change 0.075 ( 1.20 %)
Open	High		Low	Volume
$5.93	$6.00		$5.93	2610600
Last updated 13.33pm 03/05/2024 ?

A2M (ASX) Chart