Hi - looking to add this stock to my portfolio, anyone holding/following?
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Hi - looking to add this stock to my portfolio, anyone holding/following?
Yes, bought a small number at 1.60 post-float. I reckon it's worth 2.34 and will look to buy more if it ever breaks out of its downtrend.
Tim,
I'm holding a small parcel. I understand that there will be an update before the end of October. Perhaps you should wait till then.
There are a LOT of risks with this one. I would read the prospectus carefully. Also, the Russian situation may be affecting carton price.
All the best,
noodles
Thanks - I see they are due to provide update probably good advice better to pay a bit more than guess, I'm looking to hold long term, want to add rural based stock to portfolio, only hold PGG in that space.
I note that CIP has initiated coverage with a price target (currently) of $1.65, and expected to be 10% higher than this if/when the Russia situation gets sorted out. A few available at $1.40 today, I think I might pick a few up.
Not a terribly liquid stock, but the CIP coverage could definitely help with that
I was intending to but got distracted by an exam. Luckily it appears. I'm going to attempt to pick some up tomorrow but I'm pretty terrible at picking entry points
Those pesky Russians are playing havoc in world commodity markets. Apple prices under pressure. The Poles can't sell to Russia, so extra supply on world markets.
http://blogs.ft.com/ftdata/2014/11/0...s-from-russia/
Proposed dividend of 9.4-9.6cps offers a pretty good percentage dividend return when you work it out on current price, about 9% Gross.
http://www.freshfruitportal.com/2012...ountry=unknown
Does anyone have any idea how hard the above hailstorm has hit Scales Apple Crops ?
I seem to recall they had orchards in that area.
All of Scales orchards are located in the Hawkes Bay so none in Nelson area however they do marketing work on behalf of external growers in that area.
Thanks. Took a look at their prospectus.
Looks like 32% (corrected) of their apples come from external supplies. Given their dominance in HB, I guess most of this would be from the Nelson area.
Found the data:
Own Orchards - 2.83 TCE (Tray Carton Equivalent)
Nelson 0.76 TCE
Other HB 0.58
So around 18% of their apples are from Nelson.
Shame to waste my last post on this but that report appears to be two years old.
If it had any effect on Scales they should be over it by now.
Retiring now, 99 not out.
Oooops.....got the wrong hail storm. There was another one this year, not long ago.
http://www.stuff.co.nz/business/farm...kiwifruit-crop
This one is more relevant.
I guess that's a risk of the SCALES business. What mother nature dishes up.