18/05/2023 09:12

Nufarm Ltd (NUF) $5.30

Nufarm (NUF) is a global pesticide business with a strong local presence, they have endured issues through periods of sustained drought but theoretically will outperform in high yield crop years i.e. similar to IPL it comes with weather risks. The company reports today hence volatility is likely to be elevated as it has been for both IPL and ELD after their respective earnings. The stock closed yesterday within a few cents of its average for the last 3 ½ years hence we see reason to 2nd guess what comes next until we see some meaningful direction from the company.

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25/05/2022 09:04

Nufarm Ltd (NUF) $4.99

Global pesticide company NUF has endured a fortnight to forget as its shares have tumbled 26% following the news that major shareholder Sumitomo had sold their 1.9% stake in the business at an average price of $5.38, well below the average level of recent weeks but already 7% above yesterdays close. The previously largest shareholder crystallised a painful  loss after buying into NUF post the GFC at $14...

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20/05/2022 09:17

Nufarm Ltd (NUF) $6.07

Agricultural chemical business NUF was whacked -8.6% yesterday to head the losers board for the main index, weakness followed the release of its half-year results. Another classic case of an ok result not being good enough in today’s fickle and nervous market i.e. EBITDA came in up 41% a $330mn, smack in the middle of the company’s $320mn-$340mn guidance. With food prices set to remain elevated over the coming years, we like NUF into pullbacks

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03/02/2022 17:08

Nufarm (NUF) $5.59

NUF +20.22%: a strong day from the crop protection and seed technology business on the back of a bumper 1st quarter. Quarterly revenue has jumped 36% vs the first quarter last year with good weather driving demand across both segments. Costs pressures are coming through though with higher raw materials and logistics costs softening...

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18/11/2021 09:39

Nufarm Ltd (NUF) $4.59

Yesterday saw NUF’s stock plunge 8.57% making it the worst performer in the ASX200, the Agribusiness released its annual results and while it may have grown revenue it suffered because of rising freight and storage costs. Most importantly it cautioned investors that the rising costs of materials and supply chain issues would damage margins however they do have the ability to hike prices to maintain profitability.

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10/08/2021 09:38

Nufarm (NUF) $4.34

Manufacturer of seed and crop protection products NUF has struggled for the last 4-years and buying current weakness makes me think of “catching the falling knife”, historically an excellent way to lose money. The company lost ~$80m in FY20 and while it’s tipped to return to profitability in FY21 to the tune of $61m, the markets clearly not a believer and ”fighting the tape” can be dangerous, especially with stocks in pronounced downtrends.

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