Silver Ferm Farms

[Sideshow Bob]

This announcement is very slow to show up on the USX. I still can not see it there, nearly half an hour after receiving the email.

So we did not make the break even we were hoping for and no dividend as expected. A bit surprising on the negative side that supplying shareholders do not get any "patronage reward" either for the year.
As they indicate they will do, they need to now review all their investment decisions and HQ expenditure and focus on their core business, processing and selling meat.
The outlook is not as good as I was hoping for either, indicating a tough first quarter. Could well be 2025 before we see a material upside.

In to the bottom drawer they go.

Showed up at 10.48am! Were they still on Easter hols, or maybe in a coma from eating too many Easter eggs??

Disappointing result, but not surprised. The comment at the end is the worry in terms of being 'another challenging year'. They have spent large amounts in capital investment over recent years, and this needs to deliver a return - so think prudent to reign spending in for the time being.

No surprise that no patronage reward. After making a loss it would be difficult to then throw a bone to farmers, while 'dry' shareholders get nothing (that old chesnut). But a positive comment was "we've achieved record famer shareholding'.

The interest now will be with Anzco, as their result is normally reported in about May. Also must heap a bit of pressure on Alliance - so SFF did about $120m better than them last year, and then about $50m this year. Hmmmmm.......

[percy]

Showed up at 10.48am! Were they still on Easter hols, or maybe in a coma from eating too many Easter eggs??

Disappointing result, but not surprised. The comment at the end is the worry in terms of being 'another challenging year'. They have spent large amounts in capital investment over recent years, and this needs to deliver a return - so think prudent to reign spending in for the time being.

No surprise that no patronage reward. After making a loss it would be difficult to then throw a bone to farmers, while 'dry' shareholders get nothing (that old chesnut). But a positive comment was "we've achieved record famer shareholding'.

The interest now will be with Anzco, as their result is normally reported in about May. Also must heap a bit of pressure on Alliance - so SFF did about $120m better than them last year, and then about $50m this year. Hmmmmm.......

Yes very much as expected.