Declared Dividend • May 16
First half dividend of NZ$0.059 announced Shareholders will receive a dividend of NZ$0.059. Ex-date: 20th May 2026 Payment date: 28th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 19%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 11%. Price Target Changed • May 15
Price target increased by 11% to NZ$8.40 Up from NZ$7.55, the current price target is an average from 2 analysts. New target price is 5.1% above last closing price of NZ$7.99. Stock is up 53% over the past year. The company is forecast to post earnings per share of NZ$0.71 for next year compared to NZ$0.68 last year. New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • May 07
Sanford Limited to Report First Half, 2026 Results on May 14, 2026 Sanford Limited announced that they will report first half, 2026 results on May 14, 2026 Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jo Curin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock has risen 7.8% to NZ$7.84. The fair value is estimated to be NZ$9.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 5.2%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Declared Dividend • Nov 24
Final dividend of NZ$0.059 announced Shareholders will receive a dividend of NZ$0.059. Ex-date: 28th November 2025 Payment date: 8th December 2025 Dividend yield will be 1.6%, which is lower than the industry average of 19%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 8%. Price Target Changed • Nov 19
Price target increased by 22% to NZ$7.55 Up from NZ$6.20, the current price target is an average from 2 analysts. New target price is 10% above last closing price of NZ$6.85. Stock is up 64% over the past year. The company is forecast to post earnings per share of NZ$0.66 for next year compared to NZ$0.68 last year. Reported Earnings • Nov 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: NZ$0.68 (up from NZ$0.21 in FY 2024). Revenue: NZ$584.1m (flat on FY 2024). Net income: NZ$63.7m (up 224% from FY 2024). Profit margin: 11% (up from 3.4% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Food industry in New Zealand. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Nov 18
Sanford Limited, Annual General Meeting, Dec 17, 2025 Sanford Limited, Annual General Meeting, Dec 17, 2025. Location: at eden park, reimers avenue, mt eden, auckland in the world cup lounge west, south stand, and, auckland New Zealand Announcement • Oct 16
Sanford Limited to Report Fiscal Year 2025 Results on Nov 18, 2025 Sanford Limited announced that they will report fiscal year 2025 results on Nov 18, 2025 Major Estimate Revision • May 22
Consensus EPS estimates increase by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NZ$563.2m to NZ$578.4m. EPS estimate increased from NZ$0.425 to NZ$0.561 per share. Net income forecast to grow 43% next year vs 57% growth forecast for Food industry in New Zealand. Consensus price target up from NZ$4.98 to NZ$6.03. Share price rose 7.0% to NZ$5.48 over the past week. Upcoming Dividend • May 20
Upcoming dividend of NZ$0.059 per share Eligible shareholders must have bought the stock before 27 May 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of New Zealander dividend payers (6.1%). Lower than average of industry peers (7.4%). Price Target Changed • May 15
Price target increased by 14% to NZ$5.35 Up from NZ$4.68, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NZ$5.12. Stock is up 28% over the past year. The company is forecast to post earnings per share of NZ$0.39 for next year compared to NZ$0.21 last year. Announcement • May 08
Sanford Limited to Report First Half, 2025 Results on May 15, 2025 Sanford Limited announced that they will report first half, 2025 results on May 15, 2025 Declared Dividend • Nov 18
Final dividend of NZ$0.059 announced Shareholders will receive a dividend of NZ$0.059. Ex-date: 29th November 2024 Payment date: 9th December 2024 Dividend yield will be 2.8%, which is lower than the industry average of 19%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 16
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: NZ$0.21 (up from NZ$0.11 in FY 2023). Revenue: NZ$582.9m (up 5.3% from FY 2023). Net income: NZ$19.7m (up 97% from FY 2023). Profit margin: 3.4% (up from 1.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 42%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Food industry in New Zealand. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Oct 22
Sanford Limited, Annual General Meeting, Dec 18, 2024 Sanford Limited, Annual General Meeting, Dec 18, 2024. Buy Or Sell Opportunity • Jul 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to NZ$4.17. The fair value is estimated to be NZ$3.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to NZ$3.98. The fair value is estimated to be NZ$3.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Buy Or Sell Opportunity • Jun 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to NZ$4.20. The fair value is estimated to be NZ$3.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Buy Or Sell Opportunity • Jun 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.9% to NZ$4.12. The fair value is estimated to be NZ$3.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Declared Dividend • Jun 01
Final dividend of NZ$0.059 announced Shareholders will receive a dividend of NZ$0.059. Ex-date: 10th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.2%, which is lower than the industry average of 19%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 153% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 17
Sanford Limited to Report First Half, 2024 Results on May 29, 2024 Sanford Limited announced that they will report first half, 2024 results on May 29, 2024 Board Change • Mar 08
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Rob McLeod is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 21
Insider recently sold NZ$167k worth of stock On the 15th of December, Peter Reidie sold around 44k shares on-market at roughly NZ$3.82 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of NZ$328k more than they bought in the last 12 months. Recent Insider Transactions • Dec 10
Independent Non-Executive Chairman recently bought NZ$50k worth of stock On the 4th of December, Robert McLeod bought around 13k shares on-market at roughly NZ$3.80 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Upcoming Dividend • Nov 21
Upcoming dividend of NZ$0.071 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 06 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of New Zealander dividend payers (6.5%). Lower than average of industry peers (19%). Reported Earnings • Nov 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: NZ$0.11 (down from NZ$0.60 in FY 2022). Revenue: NZ$553.4m (up 4.0% from FY 2022). Net income: NZ$10.0m (down 82% from FY 2022). Profit margin: 1.8% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Food industry in New Zealand. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NZ$584.3m to NZ$564.5m. EPS estimate also fell from NZ$0.211 per share to NZ$0.175 per share. Net income forecast to shrink 56% next year vs 11% decline forecast for Food industry in New Zealand. Consensus price target broadly unchanged at NZ$4.73. Share price was steady at NZ$4.13 over the past week. Recent Insider Transactions • Aug 08
Insider recently sold NZ$166k worth of stock On the 4th of August, Mark Cairns sold around 40k shares on-market at roughly NZ$4.16 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of NZ$105k more than they bought in the last 12 months. Reported Earnings • May 23
First half 2023 earnings released: EPS: NZ$0.12 (vs NZ$0.065 in 1H 2022) First half 2023 results: EPS: NZ$0.12 (up from NZ$0.065 in 1H 2022). Revenue: NZ$277.6m (up 2.5% from 1H 2022). Net income: NZ$11.1m (up 81% from 1H 2022). Profit margin: 4.0% (up from 2.3% in 1H 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Food industry in New Zealand. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 09
Sanford Limited to Report First Half, 2023 Results on May 22, 2023 Sanford Limited announced that they will report first half, 2023 results on May 22, 2023 Major Estimate Revision • Mar 04
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NZ$0.19 to NZ$0.215. Revenue forecast steady at NZ$582.1m. Net income forecast to shrink 57% next year vs 4.2% decline forecast for Food industry in New Zealand. Consensus price target broadly unchanged at NZ$4.63. Share price fell 2.9% to NZ$3.97 over the past week. Upcoming Dividend • Nov 24
Upcoming dividend of NZ$0.12 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of New Zealander dividend payers (6.2%). Lower than average of industry peers (6.9%). Major Estimate Revision • Nov 22
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from NZ$575.5m to NZ$584.5m. EPS estimate fell from NZ$0.26 to NZ$0.19 per share. Net income forecast to shrink 59% next year vs 9.5% growth forecast for Food industry in New Zealand . Consensus price target reaffirmed at NZ$4.58. Share price was steady at NZ$4.25 over the past week. Recent Insider Transactions • Nov 21
Chief Executive Officer recently bought NZ$50k worth of stock On the 16th of November, Peter Reidie bought around 12k shares on-market at roughly NZ$4.20 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of NZ$75k worth in shares. Reported Earnings • Nov 16
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: NZ$0.60 (up from NZ$0.17 in FY 2021). Revenue: NZ$531.9m (up 8.6% from FY 2021). Net income: NZ$55.9m (up 244% from FY 2021). Profit margin: 11% (up from 3.3% in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Food industry in New Zealand. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Jun 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from NZ$0.63 to NZ$0.53. Revenue forecast unchanged from NZ$543.4m at last update. Net income forecast to grow 326% next year vs 18% growth forecast for Food industry in New Zealand. Consensus price target of NZ$4.15 unchanged from last update. Share price was steady at NZ$4.16 over the past week. Major Estimate Revision • May 26
Consensus EPS estimates increase by 202% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NZ$526.6m to NZ$543.4m. EPS estimate increased from NZ$0.21 to NZ$0.63 per share. Net income forecast to grow 372% next year vs 18% growth forecast for Food industry in New Zealand. Consensus price target down from NZ$4.30 to NZ$4.15. Share price fell 3.7% to NZ$4.19 over the past week. Reported Earnings • May 20
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: NZ$0.065 (down from NZ$0.15 in 1H 2021). Revenue: NZ$270.9m (up 16% from 1H 2021). Net income: NZ$6.13m (down 55% from 1H 2021). Profit margin: 2.3% (down from 5.9% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 2.4%, compared to a 18% growth forecast for the industry in New Zealand. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to NZ$4.30 Down from NZ$5.05, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NZ$4.46. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of NZ$0.21 for next year compared to NZ$0.17 last year. Price Target Changed • Dec 22
Price target decreased to NZ$4.30 Down from NZ$5.05, the current price target is an average from 2 analysts. New target price is 9.9% below last closing price of NZ$4.77. Stock is down 4.6% over the past year. The company is forecast to post earnings per share of NZ$0.22 for next year compared to NZ$0.17 last year. Reported Earnings • Nov 20
Full year 2021 earnings released: EPS NZ$0.17 (vs NZ$0.21 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: NZ$489.6m (up 4.4% from FY 2020). Net income: NZ$16.3m (down 16% from FY 2020). Profit margin: 3.3% (down from 4.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 17% share price gain to NZ$5.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Food industry in New Zealand. Total loss to shareholders of 25% over the past three years. Major Estimate Revision • May 28
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NZ$496.0m to NZ$485.5m. EPS estimate rose from NZ$0.17 to NZ$0.19. Net income forecast to grow 9.3% next year vs 14% decline forecast for Food industry in New Zealand. Consensus price target broadly unchanged at NZ$4.93. Share price rose 5.2% to NZ$4.63 over the past week. Reported Earnings • May 25
First half 2021 earnings released: EPS NZ$0.17 (vs NZ$0.20 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$233.5m (down 4.9% from 1H 2020). Net income: NZ$16.2m (down 15% from 1H 2020). Profit margin: 6.9% (down from 7.7% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Executive Departure • Apr 08
Chief Customer Officer has left the company On the 6th of April, Andre Gargiulo's tenure as Chief Customer Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Andre's name. Andre is the only executive to leave the company over the last 12 months. Major Estimate Revision • Apr 07
Consensus EPS estimates fall to NZ$0.17 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NZ$508.6m to NZ$496.0m. EPS estimate also fell from NZ$0.22 to NZ$0.17. Net income forecast to shrink 30% next year vs 14% decline forecast for Food industry in New Zealand. Consensus price target down from NZ$5.50 to NZ$5.00. Share price was steady at NZ$4.65 over the past week. Price Target Changed • Apr 06
Price target decreased to NZ$5.00 Down from NZ$5.80, the current price target is an average from 2 analysts. New target price is 7.3% above last closing price of NZ$4.66. Stock is down 29% over the past year. Price Target Changed • Mar 23
Price target decreased to NZ$5.00 Down from NZ$5.80, the current price target is an average from 3 analysts. New target price is 9.9% above last closing price of NZ$4.55. Stock is down 20% over the past year. Major Estimate Revision • Mar 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from NZ$0.26 to NZ$0.22 per share. Revenue forecast steady at NZ$508.6m. Net income forecast to shrink 8.0% next year vs 5.4% decline forecast for Food industry in New Zealand. Consensus price target down from NZ$5.80 to NZ$5.50. Share price was steady at NZ$4.65 over the past week. Is New 90 Day High Low • Feb 10
New 90-day low: NZ$4.66 The company is down 8.0% from its price of NZ$5.05 on 12 November 2020. The New Zealander market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$2.91 per share. Is New 90 Day High Low • Jan 23
New 90-day low: NZ$4.83 The company is down 14% from its price of NZ$5.60 on 23 October 2020. The New Zealander market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$2.91 per share. Announcement • Dec 23
Sanford Announces Management Changes Sanford appointed Peter Reidie as its new chief executive officer, three months after the company's previous boss departed. Reidie will come from a role as chief executive of Farmlands Cooperative Society and was previously managing director for Australia and New Zealand at Goodman Fielder. Andre Gargiulo, who has been acting chief executive since September, would continue in the role until Reidie starts. Former chief executive Volker Kuntzsch announced he would step down from the top job in September after seven years leading the company. Major Estimate Revision • Nov 19
Analysts lower EPS estimates to NZ$0.27 The 2021 consensus revenue estimate was lowered from NZ$545.5m to NZ$508.4m. Earning per share (EPS) estimate was also lowered from NZ$0.33 to NZ$0.27 for the same period. Net income is expected to grow by 12% next year compared to 1.7% growth forecast for the Food industry in New Zealand. The consensus price target was lowered from NZ$6.58 to NZ$6.10. Share price stayed mostly flat at NZ$5.05 over the past week. Recent Insider Transactions • Nov 18
Independent Non-Executive Director recently bought NZ$103k worth of stock On the 17th of November, Peter Kean bought around 20k shares on-market at roughly NZ$5.15 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought NZ$909k more in shares than they have sold in the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 8.4%, compared to a 6.3% growth forecast for the Food industry in New Zealand. Reported Earnings • Nov 17
Full year 2020 earnings released: EPS NZ$0.24 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NZ$468.8m (down 14% from FY 2019). Net income: NZ$22.4m (down 46% from FY 2019). Profit margin: 4.8% (down from 7.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Price Target Changed • Nov 17
Price target lowered to NZ$6.10 Down from NZ$6.58, the current price target is an average from 2 analysts. The new target price is 19% above the current share price of NZ$5.13. As of last close, the stock is down 30% over the past year. Announcement • Oct 15
Sanford Limited to Report Fiscal Year 2020 Final Results on Nov 12, 2020 Sanford Limited announced that they will report fiscal year 2020 final results on Nov 12, 2020 Announcement • Oct 11
Sanford Ord Fgn Ordinary Shares to Be Deleted from Other OTC Sanford Ltd. Ord Fgn Ordinary Shares will be deleted from other OTC, effective October 12, 2020 due to Inactive Security. Announcement • Oct 01
Sanford Limited (NZSE:SAN) entered into a merger agreement to acquire a 50% stake in Two Islands. Sanford Limited (NZSE:SAN) entered into a merger agreement to acquire a 50% stake in Two Islands on September 29, 2020. Sanford will see the Two Islands brand will continue. Julia Matthews, founder of Two Islands would continue on as the head of Two Islands. Announcement • Aug 17
Sanford Limited Announces Closure of Tauranga Fish Processing Plant Sanford Limited announced that it has confirmed the closure of its Tauranga fish processing plant with the loss of 66 jobs. The company has confirmed the decision after reviewing feedback from those affected. The closure has been driven largely by two factors, firstly the impact of COVID-19 has meant Sanford is processing less fish caught by other companies, which has seen processing volumes for its North Island sites reduce, and secondly the buildings at the plant do not meet new seismic strength requirements. Chief Operating Officer Clement Chia reiterated that even if processing volumes eventually return to pre-COVID levels, the seismic issues with the buildings and surrounding area mean it is not viable to continue at the Tauranga site. Announcement • Aug 06
Sanford Limited Proposes Closure of Tauranga Fish Processing Plant Sanford Limited has announced it is proposing to close its Tauranga fish processing plant which could result in 65 job losses. The company is working with affected staff to try to minimise the number who are impacted. It currently employs 77 people at the Bay of Plenty site. Sanford says the proposed decision was based on a number of factors but two were key, firstly the impact of COVID-19 has meant Sanford is processing less fish caught by other companies, which has seen processing volumes for its North Island sites drop significantly, and secondly the buildings at the plant do not meet new seismic strength requirements. Chief Operating Officer Clement Chia says even if processing volumes eventually return to pre-COVID levels, the seismic issues with the buildings and surrounding area mean it is not viable to continue at the Tauranga site. 