potential very bullish v bottom forming on the mthly .... 3.05 would be the top of the sides i reckon. april 18th ?
technically the 1st bullish butterfly (in red) failed But the second smaller one in green succeeded (but has now played out) but would indicate very strong support at $2.50
But I have 4% of my portfolio in this already and my mantra is that "Horticulture is risky" which I know to be true from my own gardening lol so I cant really play this further.
technically the 1st bullish butterfly (in red) failed But the second smaller one in green succeeded (but has now played out) but would indicate very strong support at $2.50
But I have 4% of my portfolio in this already and my mantra is that "Horticulture is risky" which I know to be true from my own gardening lol so I cant really play this further.
failed to gain traction on the AGM meeting. maybe because they said no div's for quite a while as debt way to high. sellers came out of the woodwork after AGM. anyway i agree with your % of portfolio as its dependant on weather more so theses days and has high debt levels ... say no more its a higher risk stock at the moment.
And the Zespri gold license tender was yesterday. The revenue from the tender was something like 100 mil, half of the previous year. Basically meaning come August the Zespri dividend will be half.
Some growers would have been banking on the dividend income.
might be why the stocks heading to lows again eh ? might go under 2 this time ?
Eastpack AGM tonight in Tauranga but I'm in Auckland so won't be going.
SEK. Apart from volumes being lower than forecast (rough guess 15 percent max), Then I don't think there is anything to see here. The season gold harvest has gone like clockwork.
Green. There is quite competitive pricing for Packing so the margins are alot smaller. Maybe that is having an impact but I dont know the dollars.
I personally think it's the higher for longer interest rates and lack of NZX and grower capital that is reflected in the sp.
It's a bargain at these prices for sure. If Eastpack had the capital (or Atleast wanted to take on the debt risk) then I'm sure they would be making a merger or takeover offer at these levels. But the current Board doesn't really have the skill set to dream up such grand plans.
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