Originally Posted by
Sideshow Bob
Showed up at 10.48am! Were they still on Easter hols, or maybe in a coma from eating too many Easter eggs??
Disappointing result, but not surprised. The comment at the end is the worry in terms of being 'another challenging year'. They have spent large amounts in capital investment over recent years, and this needs to deliver a return - so think prudent to reign spending in for the time being.
No surprise that no patronage reward. After making a loss it would be difficult to then throw a bone to farmers, while 'dry' shareholders get nothing (that old chesnut). But a positive comment was "we've achieved record famer shareholding'.
The interest now will be with Anzco, as their result is normally reported in about May. Also must heap a bit of pressure on Alliance - so SFF did about $120m better than them last year, and then about $50m this year. Hmmmmm.......