Tag: GFF

Are the bidders for Goodman Fielder (GFF), Wilmar International of Indonesia and Hong Kong’s First Pacific, trying to wriggle out of their $1.3 billion bid for the breadmaker, or at least trying to again force down the price?

Food group Goodman Fielder (GFF) has folded and will cop a small cut in the value of a takeover offer from Asian suitors.

So will the Goodman Fielder (GFF) board fold and accept a lower price from its Asian suitors, or will the board stand firm and demand they honour the 70c a share offer?

When Singapore group Wilmar International first revealed in 2012 it had built a stake of 10% and failed in an approach to Goodman Fielder (GFF), the latter’s shares jumped 33% to a high of 69c on the day of the announcement.

Shares in food group Goodman Fielder (GFF) and Sydney based women’s fashionwear retailer Noni B (NBL) were smashed lower yesterday after they both produced surprises on the downside.

A contrast between the old and the new in food was provided yesterday by the quarterly results of food manufacturer Goodman Fielder (GFF) (old and the poor result ) and Domino’s Pizza (DMP) (new and getting more mobile and online and good outcome). The market reactions to the results and commentaries tell the story – Goodman Fielder down, Domino’s up to a new all time high.

Struggling food group, Goodman Fielder (GFF) should no longer be described as being ‘struggling‘ as the 2012-13 result reveals a company that is now well into a recovery phase with improving prospects, which is a long way from the way it looked a couple of years ago as it faced tough trading conditions, aggressive retailing customers and high raw material costs, not to mention the pressure of the high Australian dollar.

In contrast to the caution at the BHP meeting, the upbeat nature of Thursday’s strategic briefing from Goodman Fielder’s newish CEO, Chris Delaney, was at odds with the company’s lacklustre performance.

Struggling food group Goodman Fielder is to ask shareholders to help it out of a tough situation: it needs recapitalising and wants $259 million.

Goodman Fielder has again confirmed why it is one of the great disappointments of Australian business.

Goodman Fielder, the country’s largest listed food group, is leaderless after CEO Peter Margin revealed yesterday that he was leaving after five years at the company.

Graeme Hart got out of Goodman Fielder nicely.

Only the New Zealand economy, its operations in that country and high commodity prices, stand in the way of food giant, Goodman Fielder, achieving its full year prospectus forecast of a pro-forma net profit of $223.9 million.