no end in sight to the stock down trend
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no end in sight to the stock down trend
:scared: shocker
https://www.nzx.com/announcements/413419
:scared:
half there debt due for renewal jan 24 only 3 mil in bank
cash issue time ?
No worries
El Nino is coming back
"It appears that almost every forecaster around the globe is predicting we will be going into the El Niņo phase later this year."
https://www.interest.co.nz/rural-new...fford-assesses
That is a decline of 30%, big change from the 20% forecast which is also the industry average. Seeka obviously more exposed to hard hit regions.Quote:
Seeka has completed its New Zealand kiwifruit harvest packing a total of 29.8m class 1 trays, compared to 42.4m in the previous corresponding period.
...
Seeka’s regional market share is comparable between years
That is a decline of 30%, big drop from the 20% forecast which is what Eastpac and Trevelyan’s Pack & Cool suffered. Seeka obviously more exposed to hard hit regions.Quote:
Seeka has completed its New Zealand kiwifruit harvest packing a total of 29.8m class 1 trays, compared to 42.4m in the previous corresponding period.
...
Seeka’s regional market share is comparable between years
interesting read in announcement by PLP in regard to there kiwifriut orchard
https://www.nzx.com/announcements/413618
A report has been received recently on the Northland based kiwifruit orchard held by the Private Land and Property Portfolio (the wholesale fund into which the PLP invests). The report provided an independent assessment on the orchard including the maturity of the vines. Their assessment is that due to the adverse weather conditions earlier in the year (which had an impact on the management of the orchard), it is unlikely to reach its full productive capacity until later than originally expected.
how many orchard's in seeka portfolio similar ?
Eastpack packed 33.5m trays v 50 m if it was going to be a normalized year. Forecast loss before tax of 2m to 4m.
The Eastpack business model less complex than Seeka, and has invested heavily in modernization in recent years.
The Seeka business modernization is well behind in this regard.
Next seasons volumes should ensure reasonable profits. However, Seeka really needs to refresh and simplify its business plan to make the most of future opportunities.
eastpack notes issue a while back for capital raising and investing in upgrades to handle increasing volumes of kiwifruit was not well supported they even had too attempt to fill the shortfall by going back too everyone asking again if they were sure they didnt want to invest. So maybe not in full agreement about eastpk better positioned than seeka probably just similar positioned
anyway after the losses this yr and the not so good capital raising how much off the money raised will end up used as working capital vrs investment ? a issue i raised earlier on the thread in regards to the cap raising