Stock market value of HZPC reaches new record

After the half-yearly trading day in May, the price of the HZPC certificate has increased in value to €200 per certificate. This is an increase of almost 10%. The stock market value of HZPC rises to a record high of €156,75 million.

On the trading day, 11.400 certificates were traded, 1,5% of the total number of outstanding certificates. The increase in value amounts to 9,77%, or €18. CEO Gerard Backx calls the higher volume in supply a trend, comparable to the previous trading day. "The combination with a drop in demand, at the maximum price, shows that supply and demand are coming together."

Since 2010, the certificate price has increased 15 times by a maximum of 10% and 2 times by more than 9%. In 5 years, the price more than doubled: from €93,50 to €200. The market value thus went from €73 million to almost €157 million.

Dividend payment
Twice per financial year (in May and November) a trading day is held for affiliated growers, growers and HZPC employees. The purchase and sale takes place via an online platform and is supervised by a bank. The first certificates were traded for €24 in the year 2000. The next trading day will take place on November 2nd. The dividend will be paid in October. Last year the dividend payment was €7.

Also view the video with CEO Gerard Backx about the long-term vision of HZPC.

Niels van der Boom

Niels van der Boom is a senior market specialist for arable crops at DCA Market Intelligence. He mainly makes analyses and market updates about the potato market. In columns he shares his sharp view on the arable sector and technology.

n.vanderboom@boerenbusiness. Nl

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