ASX Small Caps Shares News: Goodman Fielder (GFF)|ASX GFF|GFF StocksGoodman Fielder (ASX:GFF) is Australasia’s leading listed food company, delivering products to over 30,000 supermarkets, convenience stores and food service customers throughout Australia, New Zealand and the Pacific Islands.

The company owns a host of iconic bakery and dairy brands, including Meadow Lea, Praise, White Wings, Pampas, Mighty Soft, Helga’s, Wonder White and Irvines.

GFF has announced a $259 million capital raising to improve its balance sheet flexibility.

The group warned that trading conditions were difficult in its baking and dairy divisions, as it contended with higher commodity prices and reduced demand for its brand name products.

It has been one of the shares to sell in recent times due to these problems.

The new equity will be priced at 45 cents a share, representing a 24% discount to its last closing price.

Receive FREE Trading Recommendations for the next 7 Days, Click Here!


   Written by: admin   Other posts from: admin
7 day free trial
 



asx-share-price

To start your Free 7 day trial please complete your details below

* required fields

IMPORTANT: an activation code will be sent via SMS, please enter your preferred mobile number



Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report
RSS Feed