Seems the market likes this news, but I'm not a huge fan - cost cutting due to competitive pressures isn't the best story to be telling. Hopefully the Cth says something (quickly) about trying to keep this open in Australia. But then awkwardly, even with domestic production, NUF had difficulties with their supply chain during covid, so I guess it's hard to justify.
The Europe news is better, they are cleaning up a recent acquisition, which is to be expected.
Good luck getting this at 3.60 (though I was also waiting for a lower price)
News: NUF Nufarm Says To Cease Manufacture Of Insecticides And Fungicides At Site In Laverton, page-9
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Last
$4.62 |
Change
-0.040(0.86%) |
Mkt cap ! $1.766B | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.64 | $4.54 | $4.804M | 1.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 708 | $4.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.64 | 2217 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NUF (ASX) Chart |