Pretty ‘uncertain’ the impact on profitability eh
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Denial... denial.... denial.....nothing will happen..
bit of a nothing update....
waiting for 31 march
I see a multi year slowdown for napier port. Still aiming for the $2 price in 12 months... :t_up:
Yeah this will get hit hard, I sold out a few months back based on valuation, it was trading way to highly for it's growth prospects and current profitability. I still like the asset but I suspect if this Coronavirus starts spreading rapidly throughout the US and Europe this and many other stocks will trade significantly lower.
Dipped my toes in again $2.71 !
I will consider when it goes below $2.50 but everything is getting hammered including current stocks I own and heaps look more attractive
Geez things are looking grim for the orchardists. No container ships are arriving to take their apples. In three weeks the cool stores will be overloaded with apples and nowhere to go. All orchardists are having a meeting sometime either this week or next as what to do. All apples may be dropping onto the ground or supermarkets will buy some of them for a bargain. Loads of people worried in the Bay and if we get one COVID-19 report, our apples will stay on the tree. Sad time for all
Most of the Orchardists I have spoken to will quite happily have you pick your own fruit near the end of the season at no cost to you. Just don't damage anything and ask nicely. There are one or two that don't want strangers on their property, but most are quite good about it.
Here's some more green shoots, reported 13 March on Al Jazera Asia Pacific,
German shipping company Hapag-Lloyd told Reuters in a statement that port congestion in China has eased, berthing operations have improved and terminals have resumed normal working conditions.
More places to plug in the reefers had also become available and the company was no longer diverting cargoes on a large scale, it said.
About 18,000 20-foot equivalent (six-metre) unit (TEU) reefers were still at Shanghai and Tianjin ports as of March 6, the port association said this week, down from 27,000 in mid-February.
Shanghai, the world's largest container port by volume, and Tianjin have added 7,000 new spots to plug in reefers, expanding storage capacity for chilled cargoes by 40 percent, it said.
A Shanghai-based fruit importer, who asked to be identified only as Huang, said port congestion had eased and shipping lines were giving priority to perishable cargo.
I believe the big organisations may want put aside their differences and work together on this one. In their February update things did not look too great for ships. The grower I was talking to supplies Scales with apples and he is genuinely worried.
https://scaleslogistics.co.nz/wp-con...rus_Update.pdf