Great synergy ... they could start a cider-brewery :):
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A bit underwhelming in challenge year ? https://scalescorporation.co.nz/wp-c...ual-Report.pdf
Stephen Bennie of Castle Point doesn't give a good mark for the acquisition - NBR
Perhaps the cash is starting to burn a hole in their pocket? Been a long time since they sold Polarcold (and since been sold again).
Probably regretting selling Polarcold.....coldstorage is gold currently.
Read their report a while ago that they will build a brand new cold storage close to the base. Not sure if they are still doing that.
https://www.nzherald.co.nz/business/...YLXMHRQ4WD7FI/
paywalled
New Zealand's $9 billion meat export industry says it's nervous about China's new "live" food safety audits as apple exporters now come in for the same treatment that led to a still-unresolved halt on seafood exports.
"There's a lot of nervousness," said Meat Industry Association (MIA) chief executive Sirma Karapeeva.
"The structure of the audits is quite different to what we are used to and it's caused a lot of nervousness. We are all looking at what is going on with the seafood exports and now apples."
After all the doom and gloom about picking the crop, nice (as a pensioner) to have the dividend confirmed today. Especially as I doubled our holding recently.
https://www.nzx.com/announcements/371422
I rarely find that anything by Simply Wall St is much value. In this article they're rather overlooking the sale of the coolstore business which will have shrunk earnings significantly. The failure so far to reinvest much of that money though is a concern.
Not sure what you expect. We know they struggled to pick the crop. Markets are disrupted with COVID. Shipping a problem as well. Lots of head winds at the moment. And they still rewarding holders with a decent dividend. Happy holder with a 10 year holrizon.
https://www.nzherald.co.nz/business/...YQAYXFZVY42S4/
This will be preying too on the minds of investors - very very slim chance of anything adverse but any NZ apple export halt by China will be devastating to the industry.
FYI Trade audits feature in this Australian recent four corners doco on trade with China an https://www.youtube.com/watch?v=SShvYq5gQ2U
Apparently still in DD stage re villa purchase. There will be a few skeletons in that closet! A bit of potential, but also a lot to sort out... totally different to a business such as Delegats
Villa Maria parent company FFWL in receivership, shares to be sold
https://www.stuff.co.nz/business/ind...res-to-be-sold
Anyone been noticing a slow but steady climb back to $5 over the last few weeks?