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7 June 2017 (TheAge) – Dairy stocks take plunge on trading outlook – Murray Goulburn flags deeper cuts to ensure viability

(7 June 2017, The Age, BusinessDay, p23, Darren Gray)

MGC share price since listing in 2015‘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…’

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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.


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