Goodman Fielder

Goodman Fielder (GFF)

Stock Code

GFF

Stock Exchange

ax

The company known as Goodman Fielder is a food company based in Australia. The brands they cater to their consumers are provided across Australian and the New Zealand food industries. Their customers include convenience stores, supermarkets and food service customers. The company’s headquarter is situated in New South Wales, Australia with about 7,000 employed people.

Goodman Fielder Profits at $51m


Australian food supplier, Goodman Fielder (ASX:GFF) have released its half year profit results to the stock market.

  • $51 million Interim net profit to the six months to December 31. Up 137 percent from $25.1 million in the previous corresponding period.

Goodman Fielder to Close Factories


At an investor day presentation, Australian food manufacturer, Goodman Fielder (ASX:GFF) has announced its plans of company restructuring and the closure of factories in Australia and New Zealand as it seeks to save $100 million over three years.

  • Goodman Fielder is losing money from supplying generic branded breads to Coles and IGA. It's competitor, George Weston supplies generic breads for Woolworths (WOW) and German supermarket chain Aldi.

Shares Drop for Goodman After Profit Cut


Goodman Fielder (ASX:GFF) shares plummeted more than 9 percent to $1.055 after the company made a surprise announcement yesterday to downgrade profit to 20 percent for the year. This is the company's lowest drop since April 2009. Wednesday saw shares drop by more than 3 percent on a 40 percent turnover spike.

Goodman Fielder Dividends

26 August, 2010 - 15:08

Study the historical dividends for GOODMAN FIELDER LIMITED.. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive GFF dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the GFF dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Babcock & Brown: Loser of the Week


Babcock & Brown Infrastructure Group (BBI), a company that focuses in the business of acquisition, management and operation of quality infrastructure assets in Australia and in the international arena was the worst performer in the Australian Stock Exchange for the week that lost 20.8 percent to its stock price closing the week at 4 cents. The company closed at 5 cents in the previous week. The market capitalisation of Babcock & Brown was $108.9 million.

Goodman Fielder Answers ASX Queries Regarding Profits


Goodman Fielder (GFF), a food company based in Australia had a sudden bounce in its price yesterday from $1.27 to $1.495 which made the Australian stock exchange (ASX) to question the company to know the reason for this. In reaction GFF said, at this point the company does not have any information regarding the sudden boom in its share price in recent trading.

Goodman Fielder (GFF) Update


Goodman Fielder (GFF) has a share price target of $1.85 from sharemarket analyst Macquarie Research Equities.

Goodman Fielder (GFF) Fuel cost pressures likely to hurt

Event: Fuel costs another headwind:

Goodman Fielder (GFF) Update


GFF NZ dairy expansion: GFF has acquired a NZ route trade milk brand ‘Cow and Gate’ and won the contract from IDP to supply Progressive’s (WOW) private label milk. These add c37m litres per annum to GFF’s current c170m litre portfolio. WOW will stock GFF’s Meadowfresh brand as its major branded milk. Goodman Fielder (GFF) has a Neutral 1 shares recommendation and a $2.59 price target from Australian shares analyst UBS. IDP milk presence diminished: This makes the NZ milk industry more rational again with IDP having a non-compete agreement and Fonterra being Goodman Fielder's duopoly competitor. WOW and Fonterra raised retail milk prices c13% last week and we expect GFF to follow imminently. This helps recover 27% raw milk cost increases from October 2007. WOW still a tough customer: The analyst still expects WOW to be a tough customer for GFF as it uses milk pricing to win market share from Foodstuffs and the convenience channel in NZ. However they consider GFF’s expansion a positive development for industry structure at this time. The analysts maintain their Neutral 1 rating and $2.59 price target for Goodman Fielder (GFF) based on DCF. We think the stock is undemanding given 14.6x 08E PE (17% market discount); 9.5x 08E EV/EBITDA; and 5.3% dividend yield. However this reflects low growth prospects, retailer power, private label threats & continuing cost inflation. They await next catalyst being FY 07 results on 28 August. read a previous recommendation for Goodman Fielder.

Timbercorp (TIM) - Worst Performing Shares


Timbercorp (TIM) was the overall worst performing stock taking in a 12.16 percent decrease. It was a mixture of energy, consumer products, hearing solutions and agribusiness companies who were among the worst performing stocks for the week 40 of 2007 on the Australian sharemarket: Paladin Energy (PDN), Goodman Fielder (GFF), Cochlear (COH), Timbercorp (TIM). These worst performing stocks for the week 40 recorded losses above 5.69 percent by the end of the trading week.

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