Certificates price positive signal to active seed potato growers
Potato breeder HZPC publishes certificate price after half-yearly trading day.
The supply of certificates has increased. This was clear during HZPC Holding B.V.’s half-yearly trading day on 8 May 2020. The price of the share certificate was set at €131.25 (done, left*) on the day. This signifies a reduction in the value of the HZPC certificate of 10%. The next trading day will take place on Friday 13 November 2020.
The reduction of the price of the HZPC certificate is a positive signal to the active growers. Because the supply has increased, they can purchase certificates more easily. These certificates are now partly in the hands of growers who are no longer actively growing. The Connecting Growers program announced in March was created to stimulate the transfer of certificates from inactive growers to active growers.
No HZPC without growers
The Connecting Growers programme has been created to ensure that HZPC remains in the hands of active growers. Mr Gerard Backx, CEO of HZPC: ‘A strong HZPC benefits from belonging to HZPC's active growers. The fact that the supply of certificates has grown is seen as a positive sign to this group. It seems that growers who are no longer active want to sell their certificates and make them available for active growers.’
The Connecting Growers programme equates to HZPC buying shares to the value of 1.5 million euros every year in order to redistribute them among its active seed potato growers in the European Union. This will allow all of the interested growers to become co-owners of HZPC.
Price and market value
HZPC financial year |
2014/15 |
2015/16 |
2016/17 |
2017/18 |
2018/19 |
2019/20 |
Share certificate |
€113.15 |
€136.90 |
€165.65 |
€200.00 |
€162.00 |
€131.25 |
Market value |
€89 |
€107 |
€130 |
€157 |
€127 |
€103 |
Dividend / certificate |
€3.75 |
€5.75 |
€7.00 |
€4.00 |
€7.75 |
tbd Oct 2020 |
HZPC price and market value at 783,725 certificates.