Our call on Nufarm pays off...

Whilst not without its challenges (which probably led to many investors cutting their losses and exiting the stock), NUF's recent share price re-rating is a good example of patient investing. We reiterated our positive view on the stock to our investors in March with a valuation of $6.70 (versus price at the time of $4.71). Since this last published note the stock is up +38.5%. NUF still has its challenges but recent company announcements highlight how good management teams find ways to navigate tough time. Not out of the woods but better placed.

Nufarm Ld (ASX:NUF) share price chart

Source: Bloomberg