The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made. Good rainfall should lead to an increase in general security allocations, say irrigators. Worth buying? Hawthorn East, VIC 3123 Current details Listed company National Foods Limited (NFD) has tabled its intention to acquire SPC Ardmona. You must accept the terms and conditions. National Foods ended its takeover talks with SPC in a move that opened the door for CC Amatil. "We already had the issue of the stronger Australian dollar, but overlaid on top of that, we had increased deflation of fresh fruit," Ms O'Sullivan said during a briefing on Tuesday. Only the plumpest, juiciest, tastiest tomatoes make it into every can of Ardmona Tomatoes. Sector An appreciating Australian dollar is a threat to SPC Ardmona as imports become cheaper. You are already registered for this event. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The fight to save SPC Ardmona’s (SPCA) Shepparton factory has overcome another hurdle, with parent company Coca-Cola Amatil (CCA) adjusting their plan to ensure the $100 million investment goes ahead. Weather is the major factor that can influence crop returns and its costs. CC Amatil managing director Terry Davis said there has been a growing trend by consumers to look for health and wellbeing products that fit with a busy lifestyle. InvestSMART cannot determine whether or not franking has been included, nor if dividends have been reinvested. Fee data may not include all costs being charged such as platform and adviser fees. National Foods is a dairy food company and such a move would be a divergence from its core business. However, exports can benefit and the company's overseas expansion in Spain is a positive development. Please untick this box when using a public or shared device. SPC managing director Nigel Garrard will continue to lead the business within CCA. Ardmona Tomato Paste. "This has been particularly evident in our beverage business with the growth of bottled water, diet soft drinks and fresh juice," Mr Davis said. National Foods' board could use SPC Ardmona as a poison pill to avert its own takeover. University of Technology Sydney. Add articles to your saved list and come back to them any time. Its operations fall into three divisions: its Retail Business division produces and supplies the major retailers under the brand names Goulburn Valley, SPC, Ardmona, Southern Cross, Weight Watchers and Edgell; its Food Service and Industrial division provides goods to food service customers, including institutional and catering customers and industrial customers, including large food companies that purchase juice and paste concentrates for remanufacturing into other forms; and its International division, which produces more than a quarter of total sales. For the effect of fees on your cumulative returns, please see our report How Fees Can Destroy Your Wealth. Add articles to your saved list and come back to them any time. Fees are calculated by Morningstar as the average over 10 years. We look forward to helping you on your financial journey. Coca-Cola has adjusted its plans so the $100 million redevelopment of the SPC Ardmona plant will go ahead. ^^ 557 Buy recommendations published by Intelligent Investor between 1 June 2001 and 30 June 2019 were independently verified by EY, as per the Recommendations Report; adjusted for franking, excludes admin and brokerage costs. CC Amatil shares are down 21 cents or 2.81 per cent to $7.27 at 1136 AEDT on Friday. The result included $146 million in writedowns on the assets and goodwill of the SPC Ardmona (SPCA) packaged fruit business, which has struggled to compete against privately-labelled supermarket goods, cheap imports and the high Australian dollar. "FREE" : "$" + t.Cost.toFixed(2) }}, Copyright © 1999-2020 InvestSMART Financial Services Pty Ltd. All rights reserved | Australian Financial Services Licensee: AFSL # 226435 | ABN 70 089 038 531 |. The offer comes after merger discussions between National Foods Ltd and SPC Ardmona were called off. SPC Ardmona has a December 31 year end and recently announced a first-half net profit of $11.6 million - steady on the previous corresponding period. Mr Davis said Australian revenue and earnings were expected to grow in 2013. COCA-COLA Amatil's annual profit had been pulled back by writedowns on its SPC Ardmona packaged fruit business. Very large text size Price movement SPC Ardmona's share price has moved up nearly $1 from 93 cents since the merger between SPC and Ardmona, which became effective in January 2002. “Victoria’s Goulburn Valley produces some of the cleanest, greenest fresh produce in the world, grown to the strictest environmental standards. Everyday Gourmet with Justine Schofield. In May, SPC Ardmona acquired Henry Jones IXL, a fruit spread manufacturing and marketing company, for $51 million. Deputy Premier and Minister for State Development Peter Ryan said the decision was great for Shepparton and Victoria. + Company announcements and prices are delayed by least 20 minutes. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & … SPC Ardmona's main business is processing and the marketing of fruit, vegetables and other food products for the retail, food service and industrial markets in Australia. 100% Australian tomatoes #buyhomegrown. Profile SPC started operations in 1918 as a growers' co-operative and listed on the ASX in 1993. Read detailed company information including dividend distribution, dividend amount and payment history. Australia. The company's operations in Indonesia and Papua New Guinea posted earnings growth of 16.8 per cent to $102.9 million for 2012. We'll send you a text message with a verification code to start your free {{ '2' == '1' ? Australia’s premier industry field day event, the 2015 Commonwealth Bank AgQuip. Ardmona started as a co-op in 1921 and remained unlisted until the merger. Alternatively, shareholders can opt to receive all or part of their consideration as new CC Amatil shares, subject to a possible scaleback. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance. It recently reached a high of $1.97, but has since slipped to $1.70. Tune into Channel 10 from 4pm weekdays for delicious recipe inspiration using Ardmona canned tomatoes. History. Buy rural and agricultural books and DVDs online. SMS code cannot be sent due to: {{ twilioStatus }}, Looks you are already a member. Registration for this event is available only to Intelligent Investor members. 50 Camberwell Road Nationwide News Pty Limited Copyright © 2020. We have sent you an email with the details of your registration. SPC-Ardmona is slowly being forced to close down all its factories. SPC Ardmona Limited (SPC) Overview. SPC was incorporated as a public listed company in 1912, and Ardmona opened in 1921. National Foods is the focus of a hostile takeover offer by New Zealand dairy group Fonterra which, as part of its offer, said it did not want National Foods to acquire SPC Ardmona. SPC Ardmona would suit a diversified portfolio wanting exposure to the food sector providing growth and income. Accounting for Business Combinations (022320 ) CCA was also expanding into the high-volume water category in Indonesia, under the Ades brand. View Products. It will also pay a special dividend of 3.5 cents, taking total dividends for 2012 to 59.5 cents. SPC is one of … For more information about fees and costs, please see the Product Disclosure Statement and Investment Menu. CCA shares were 30 cents higher at $13.93 at 1342 AEDT on Tuesday. Course. History. Connecting Livestock Buyers & Sellers: Your one-stop shop for livestock news, reports and sale listings. {{ t.Cost === 0 ? SPC Australia was formed in 2002 by the merger of the for Shepparton Preserving Company (SPC) and Ardmona.

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