{"id":60875,"date":"2014-09-24T22:14:40","date_gmt":"2014-09-25T02:14:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=60875"},"modified":"2014-09-24T22:14:40","modified_gmt":"2014-09-25T02:14:40","slug":"why-did-the-nurfarm-limited-price-rise-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/why-did-the-nurfarm-limited-price-rise-today\/","title":{"rendered":"Why did the Nurfarm Limited Price Rise Today?"},"content":{"rendered":"
September 24, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Nufarm Limited Share Price?<\/h2>\n

Nufarm Limited [ASX:NUF] is a global crop protection company. They also develop, manufacture and sell a range of crop protection products. They\u2019re also in the seed technologies business, focussing on canola, sorghum and sunflower crops. <\/p>\n

The share price closed 4.65% higher on Wednesday. <\/p>\n

Why Did This Happen to the Nufarm Limited Share Price?<\/h2>\n

In spite of full year profit falling 53%, shareholders liked the other numbers out of the company\u2019s 2014 financial report.<\/p>\n

Overall sales revenue grew 15% to $2.6 billion. And net profit after tax (NPAT) was up 4% to $86.4 million. NPAT is the better looking number as the restructuring costs associated with the Australia and New Zealand side of the business were left out. <\/p>\n

The final year dividend was five cents per share. Bringing the total dividend to eight cents \u2014 the same as last year. <\/p>

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What Now For NUF?<\/h2>\n

Sales revenue this year was fairly evenly split between North and South America, Europe and Australia. However, for two years in a row, Asia only accounted for 6% of total sales revenue. <\/p>\n

There is incredible room for expansion here if Nufarm Limited tackle this effectively. <\/p>\n

The CEO of Nufarm, David Rathbone, commented that two years of Australian drought did affect its Australian side of the business.<\/p>\n

However, seasonality will always affect this company. It\u2019s can\u2019t use any statements like this as an excuse for poor financial performance. <\/p>\n

Until yesterday, the stock was in a down trend. But the financial results have seen the share price rise 10.21%. There will be a selloff in the next couple of days as some investors take profits. Expect the share price to hover a few cents either side of $4.25 while the market decides if it believes the company will have a better 2015. <\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why did the Nurfarm Limited Price Rise Today?<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Nufarm Limited Share Price? Nufarm Limited [ASX:NUF] is a global crop protection company. They also develop, manufacture and sell a range of crop protection products. They\u2019re also in the seed technologies business, focussing on canola, sorghum and sunflower crops. The share price closed 4.65% higher on Wednesday. Why Did […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60875","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60875"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}