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Fonterra - Source: ONE News -
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Fonterra's estimated share price for the 2010/2011 season is the same as the current season.
The dairy co-operative has estimated the fair value share price at $4.52. It says this is a base price as set out in the constitutional changes approved by the shareholders last month
Fonterra is moving to a market valuation for its share price whereby farmers will be able to purchase new shares in the company that are not linked to production levels.
The shareholders voted at last month's annual meeting to raise the maximum level of share ownership to 120% of their milk supply - meaning up to 20% of their stake can be "dry" shares not covered by their production.
