Trading Among Farmers plan will go ahead - iPredict
Users of the trading website think the proposal will be accepted unchanged by shareholders.
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ELECTIONS
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iPredict traders think the Trading Among Farmers proposal will be approved by Fonterra shareholders without any changes.
The giant dairy co-operative's board will present the proposal this week.
Early trading suggests there is a 65% chance of approval of the scheme, which would allow farmers to trade shares among themselves instead of with Fonterra.
Traders are also giving Colin Armer - Fonterra's supplier relations committee chairman - a 45% chance of taking over from Sir Henry van der Heyden as board chairman later this year.
Other iPredict stocks forecast a 53% chance Fonterra's final payout of milk-solids before retentions for 2011-12 will be more than $6.50, with a 26% chance it will be over $6.56.
Fonterra has forecast a payout of $6.45-$6.55 for 2011-12.
Caleb Allison
Wed, 30 May 2012
Wed, 30 May 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Trading Among Farmers plan will go ahead - iPredict
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