Namoi Cotton Limited

NAM

AU000000NAM1

Textiles & Leather Goods

Delayed Australian S.E. Other stock markets 01:27:20 2024-05-27 am EDT			5-day change	1st Jan Change
0.7 ^AUD	0.00%		-1.41%	+45.83%

May. 22	Namoi Cotton Tells Shareholders to Reject Louis Dreyfus' AU$0.67 Cash Per Share Acquisition Offer	MT
May. 16	Easing US Inflation Boosts Australian Shares to Six-Week High	MT

Namoi Cotton Limited Provides Production Guidance for 2023

October 23, 2022 at 08:04 pm EDT

Namoi Cotton Limited provided production guidance for 2023. The 2023 Australian cotton crop will soon enter the planting phase subject to weather conditions. Good water availability and forecast La Niña conditions1 are expected to support average to above average cotton production in the 2023 season (FY2024).

The estimate of total cotton production for 2023 season is between 5.0m-5.5m bales2 similar to the size of the 2022 season cotton crop.

Latest news about Namoi Cotton Limited

Namoi Cotton Tells Shareholders to Reject Louis Dreyfus' AU$0.67 Cash Per Share Acquisition Offer	May. 21	MT
Easing US Inflation Boosts Australian Shares to Six-Week High	May. 16	MT
Australia Antitrust Watchdog Flags Concerns Over LDC's Namoi Bid; Shares Fall 5%	May. 16	MT
Olam Group Lodges Bidder Statement for Off-Market Takeover of Namoi Cotton	May. 09	MT
Australian Shares Posts Small Rise as Markets Assess RBA's Rate Stance	May. 08	MT
Namoi Cotton 25% Shareholder Samuel Terry Asset Management Intends to Accept Olam Agri Takeover Offer	May. 08	MT
Namoi Cotton shares soar after Olam Agri tops Louis Dreyfus with $95 mln bid	May. 07	RE
Olam Increases Takeover Offer for Namoi Cotton to AU$0.70 Per Share	May. 07	MT
Louis Dreyfus raises Namoi Cotton offer to $92 mln valuation, tops Olam Agri's bid	May. 06	RE
Louis Dreyfus Increases Namoi Cotton Takeover Offer to AU$0.67 Per Share	May. 06	MT
Louis Dreyfus Rejects Olam Agri's Proposed Acquisition of Namoi Cotton	May. 05	MT
Namoi Cotton's Dutch bidder Louis Dreyfus rejects $89 mln Olam offer	May. 02	RE
Australian Shares Post Small Gain After US Fed Keeps Rates Steady	May. 02	MT
Namoi Cotton Shareholder Samuel Terry Asset Management Supports Olam Agri Takeover Proposal; Namoi Shares Up 13%	May. 01	MT
Australia's Namoi Cotton shares hit 17-year high on $89 mln Olam bid	May. 01	RE
Olam Agri Plans Off-Market Takeover of Namoi Cotton at AU$0.66 Cash Per Share	May. 01	MT
Australian Shares Rise on IT Gains, Bargain Hunting	Apr. 29	MT
Louis Dreyfus to Make AU$0.60 Per Share Off-Market Takover Offer for Namoi Cotton	Apr. 28	MT
Louis Dreyfus Company Asia Pte. Ltd. cancelled the acquisition of remaining 83% stake in Namoi Cotton Limited from Samuel Terry Asset Management Pty Ltd and others	Apr. 28	CI
Namoi Cotton Posts AU$0.01 FY2024 Dividend	Apr. 16	MT
Namoi Cotton Limited Reports Earnings Results for the Full Year Ended February 29, 2024	Apr. 16	CI
Louis Dreyfus upbeat about China's agri-food demand, CEO says	Mar. 21	RE
Australian Shares Jump as US Fed Signals Rate Cuts for 2024	Mar. 21	MT
Namoi Cotton 22% Shareholder Supportive of Olam Agri Holdings Potential Acquisition	Mar. 20	MT
Olam Group Unit Offers to Buy Australia's Namoi Cotton for AU$122 Million	Mar. 20	MT

Chart Namoi Cotton Limited

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Company Profile

Namoi Cotton Limited is a cotton processing and marketing company, which primarily operates in the Australian and global cotton industry. Its segments include Ginning and Co-Products, Marketing and Commodities. The ginning business operates about 11 cotton gins located in the growing areas of New South Wales (NSW) and Queensland. The ginning service provided to the growers during the production process includes the separation of lint cotton from seed and other foreign matter and the conversion of cotton in module form to bale form. The supply chain and marketing business involves warehousing and logistics services of cotton lint bales through Namoi Cotton Alliance, as well as the purchase and sale of lint cotton from Australian growers to Namoi Cotton Marketing Alliance. It operates containerized commodity packing facilities primarily packing cottonseed, coarse grains and pulses and sells these into various domestic and international markets through NC Packing Services Pty Ltd.

Sector

Textiles & Leather Goods

Calendar

2024-10-23 - Q2 2025 Earnings Release (Projected)

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Ratings for Namoi Cotton Limited

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

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Last Close Price

0.7 AUD

Average target price

0.4498 AUD

Spread / Average Target

-35.74%

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Annual profits - Rate of surprise

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