As a shareholder I'm very concerned. I don't won't to spook or down ramp, but my concern is whether Nufarm is a viable business. I'm interested to hear from others on this. With the massive debt pile, the ongoing drought in Australia, the supply issues in Europe, glyphosate causing cancer, and the US-China Trade war can Nufarm survive? Even with the Omega 3, is Nufarm going to have the cash to develop it? If they do another capital raising, they will be selling stock at a vastly reduced value compared to the last raising in 2018 ($2.80-$3). The longer they leave the capital raising the lower the share price is going to go.
I'm tempted to pull the pin now, but I just can't bring myself to take a hit that big (I bought into the stock at $4.86).
What does the forum think. Does Nufarm have enough cash to survive? Is it going to be crushed by its debt pile?
As a shareholder I'm very concerned. I don't won't to spook or...
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Last
$4.61 |
Change
0.080(1.77%) |
Mkt cap ! $1.762B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.63 | $4.55 | $2.876M | 625.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6369 | $4.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.61 | 683 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NUF (ASX) Chart |