Fonterra Shareholders to Back Trading Among Farmers

Fonterra Shareholders to Back Trading Among Farmers: iPredict

Early trading by the 6900 registered traders on New Zealand’s online prediction market, iPredict, suggests a 65% probability Fonterra shareholders will approve un-amended the Trading Among Farmers (TAF) proposal to be sent to them by the company’s Board of Directors this week.

That probability is likely to change, however, as trading volumes increase.  iPredict stocks able to be traded by any of its 6900 registered traders or anyone else who signs up for free at https://www.ipredict.co.nz/app.php?do=register,

Current iPredict traders are also now picking Colin Armer, the Chairman of Fonterra’s Supplier Relations Committee, as favourite to take over from Sir Henry van der Heyden as Chairman of the Board later this year.  Mr Armer currently has a 45% probability of becoming Chairman by the end of the year, ahead of John Wilson (43% probability) and John Monaghan (5% probability).  There is also a 5% probability Sir Henry will remain Chairman throughout 2012.

iPredict stocks also forecast a 53% probability that Fonterra’s final payout per kilogram of milk-solids before retentions for 2011/12 will be greater than $6.50, but just a 26% probability it will be above $6.56.

For 2012/13, there is a 60% probability the payout will be above $5.75, but just a 33% probability it will be above $6.00.

These compare with Fonterra’s latest forecasts of $6.45-$6.55 for 2011/12 and $5.95-$6.05 for 2012/13.

iPredict traders currently believe the payout will be above $7.00 in each of 2013/14, 2014/15 and 2015/16.

All iPredict stocks on Fonterra can be found at https://www.ipredict.co.nz/app.php?do=browse&cat=280.

ENDS

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