(7 June 2017, The Age, BusinessDay, p23, Darren Gray)
‘Shares in Australia’s biggest dairy processor Murray Goulburn plummeted by 14.5 per cent to 73.5¢ on Tuesday, hitting all-time lows. The stock opened at 85¢ on Tuesday and went downhill fast, closing at a level that is barely half of what it was trading at last September, and a far cry from its IPO price of $2.10 two years ago. The sell-off came after Murray Goulburn revealed in a statement to the ASX that it would…’
NOTE: The company referred to as Murray Goulburn is listed on the ASX as MG Unit Trust (ASX code: MGC). See the company’s corporate details here.