http://www.stuff.co.nz/business/farm...-by-50c-to-525
Looks like the turnaround is coming with share price showing modest gains this week
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http://www.stuff.co.nz/business/farm...-by-50c-to-525
Looks like the turnaround is coming with share price showing modest gains this week
So, I gets this email that says Wont a 'Annual Report? Tries this link to there or this other link to here.
So, I tries the link to there and I gets a list of reports but the 2016 'Annual Report for this year is a flipping flip book it says. Well, that's not a lot use to me is it? Like I wont to download the thing don't I?
So, I tries the link to here and, blow me, if I don't gets that flipping flip book again. Like if I had wonted that I would have stuck with it the first time right!
So, I thinks this ain't good enough, I wonts to register a complaint, how does I does that?
So, I goes to the front of the website to find the contact us stuff and there is a bit half way down the right hand side that says Latest releases and under that it says Annual Report (flip book or PDF).
Well that looks promising I thinks to myself, I will give it go and see what transpires so to speak.
So, I clicks on it and this box pops up and says do you wont a flip book or a PDF or a Cancel.
So, I goes for the PDF like and then the window goes all back and a little blue line starts wandering across the top of the black from the left to the right and when it hits the right end the Annual Report appears in PDF like from nowhere!
So, I hits the download this to you puter before it goes away again arrowy thing and it says Where you wont it? and I says Put it there with the other ones and it does.
So, thats how you gets what you wants but it is a bit of bother and why they didnt put that in the flipping email in the first place beats me.
Happy Reading
Paper Tiger
SKL expects "consistent earnings".
http://news.iguana2.com/skellerup/NZX/SKL/291496
Last Year at this time of year the board predicted a more significant profit increase than 7% by miles and got it horribly wrong as the year unfolded. At the time of the annual result this year they exuded confidence about a profit increase this year "The Board is confident that we will deliver an improvement in earnings in FY17." Now they're forecasting $20 - $22m, obviously the mid point is $21m just a fraction better than last year's disappointing $20.5m.
Extract from last year's annual meeting "28/10/15 Market Update at Annual Meeting - Skellerup expects strong increase in profit and forecasts $24 - $26M for FY16 based on strong first quarter.
At that time they were projecting at the mid point a profit of $25m and only achieved a very disappointing $20.5m.
Since then we have the above expression of strong confidence in August 2016 of profit growth this year but that has now been watered down to more or less steady as she goes.
In my opinion, beware ! This is is definitely not a company that under promises and over delivers.
I remain underwhelmed. Disc: Don't hold.
While all this is true, the combination of the stated expectation, the strong balance sheet and the almost-completion of the costs of the new facilities, suggests to this amateur plunger that the dividend should be maintained at least for the near term. Happy to be a holder at these levels.
Shiny new factory obviously worth a few cents on the share price.
Hope that translates to a few extra dollars on the profits.
Best Wishes
Paper Tiger
http://www.stuff.co.nz/business/farm...-trade-auction
The new plant might have come on just in time, confident farmers with opening wallets.