NUF - Nufarm Limited

[divs4ever]

Nufarm (NUF: $A2.25) hits year-low 9th time in one month;
-3c [-1.3%] Vol Index 2.5 [1 is avg]Nufarm Limited's stock price hit a 52-week low of $A2.22 during the day. In the past month the stock has hit a new 52-week low nine times, pointing to a significant downtrend.
The stock fell for a second day on Tuesday bringing its two-day fall to 13.0c (5.5%).
Nufarm's stock price dropped 3.0c (1.3%) from its previous trading session to close at $A2.25.
Compared with the All Ordinaries Index which rose 53.4 points(0.6%) in the day, the relative price change was -1.9%.
Today its volatility (highest price minus lowest price/lowest price)of 3.1% was 1.2 times its average daily volatility of 2.6%.
The high for the day was $A2.29 and low for the day was $A2.22.
There were 3,600,000 shares worth $A8.1 million traded today.
The fall was exacerbated by strong volume of 2.5 times the average daily volume of 1.4 million shares.In the past ten days trading has been on consistently high volumes; Volume Index (VI) has been 1.9 or higher.

well that was yesterday ..

today ANOTHER 12 month low !!

that hope for sub $2 looks to be right on track

( i hold NUF

memo to self ... break out the clothes pegs ( to block the nose )

 

[finicky]

Greg Canavan said today that Nufarm's 'seeds technology' business arm alone is on the books at $730m.
So let me get this straight divs, if I buy this tomorrow I'm getting in cheaper than you, right? This by itself makes it attractive.

Not Held

 

[divs4ever]

Greg Canavan said today that Nufarm's 'seeds technology' business arm alone is on the books at $730m.
So let me get this straight divs, if I buy this tomorrow I'm getting in cheaper than you, right? This by itself makes it attractive.

Not Held

on the share price average .. YES

but i have a buy order in the market , and you just never know , i might pick another market low ( which this stock has an imposing record on )

now the seed technology arm might sound attractive , but does it make money , or is it a R&D abyss ( tax write-down factory )

so does it get floated ( and probably taken over later ) or does it just get sold

if sold outright , to whom ? ( WES , GNC , SGL , over somebody else like an outlier like TWE )

OR does NUF get taken-over after the seed tech divestment ( not impossible , either )

currently the poison pill here is the corporate debt ( notes ) on NUF ( NFNG )

good luck if you buy in , this feels like a patience -tester to me ( or an outright disaster )

by the way i hold WES , SGLLV and GNC , so am hoping to get two bites at the seed tech. ( or maybe NUF )

 

[finicky]

Yes, I've looked at the CommSec multi-year summary of earnings and other metrics and it's not attractive even when on sale. Mind you, G Canavan isn't claiming it's a high return stock, just that even poor businesses have a price. Also there's the seed technology arm which he suggests might be sold af a premium to its book value.

 

[finicky]

Regards to the above, I make the caveat that G Canavan has not recommended a buy. It's not quality. Nufarm is just one of the bombed out stocks he's looking at for possibly unrecognised residual value.