Originally Posted by
iceman
I have been expecting an announcement from SEK before Christmas to update us on the insurance claim negotiations for the fire related fruit loss this year. In the absence of such an announcement, one has to assume the negotiations are taking longer than expected and are probably quite complicated. I do hear though, that parts of it has been settled and growers taken care of. If true, that is good news.
But I do fear if delays continue or negative outcomes from the insurance negotiations are the result, that we may have significant negative effect on cashflow for 2015 and possibly final dividends due in March 2016 ?
But looking forward, it looks like the orchards are looking very good and we can expect another bumper season. We should also by now be seeing positive contributions from Australia.
So looking ahead I believe SEK is doing well and I expect a very good 2016.
Discl: Reduced my holding a little in the last couple of weeks due to insurance unknowns but still 2nd biggest in my NZX portfolio