Under new accounting rules, which demand companies and organisations to declare in detail their financial investments, the Dealer was interested to see Teagasc has a tidy portfolio of share investments. The details are outlined in its most recent annual report launched on Wednesday.
As at the end of December 2016, Teagasc held investments valued at €421,000 in Ireland’s leading dairy co-ops and dairy-listed plcs.
Backing big
More than half of the total investment is made up of Kerry and Glanbia shares listed on the Irish stock exchange. The semi-state body holds 14,510 shares in Glanbia plc and accounts for 54% or €229,000 of the total portfolio. It also holds 522 shares valued at €35,000 in Kerry Group plc.
Its next largest investment is in the west Cork-based Carbery Group, where it holds 7,371 shares which it values at €2.21, or €43,000 in total.
It also holds 35,733 shares in Dairygold, 14,371 shares in Glanbia Co-op, 1,715 shares in Aurivo, 24,536 shares in Wexford Milk Producers and 1,000 shares in Barryroe Co-op, all of which it values at €1/share.
On top of this it holds 87 shares in Kerry Co-op valued at €1.25/share and 104,371 shares in Lakeland valued at €0.05/share.
It has contributed €30,000 to Dairygold’s revolving fund.
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Boyle set for another term with Teagasc
Under new accounting rules, which demand companies and organisations to declare in detail their financial investments, the Dealer was interested to see Teagasc has a tidy portfolio of share investments. The details are outlined in its most recent annual report launched on Wednesday.
As at the end of December 2016, Teagasc held investments valued at €421,000 in Ireland’s leading dairy co-ops and dairy-listed plcs.
Backing big
More than half of the total investment is made up of Kerry and Glanbia shares listed on the Irish stock exchange. The semi-state body holds 14,510 shares in Glanbia plc and accounts for 54% or €229,000 of the total portfolio. It also holds 522 shares valued at €35,000 in Kerry Group plc.
Its next largest investment is in the west Cork-based Carbery Group, where it holds 7,371 shares which it values at €2.21, or €43,000 in total.
It also holds 35,733 shares in Dairygold, 14,371 shares in Glanbia Co-op, 1,715 shares in Aurivo, 24,536 shares in Wexford Milk Producers and 1,000 shares in Barryroe Co-op, all of which it values at €1/share.
On top of this it holds 87 shares in Kerry Co-op valued at €1.25/share and 104,371 shares in Lakeland valued at €0.05/share.
It has contributed €30,000 to Dairygold’s revolving fund.
Read more
Boyle set for another term with Teagasc
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