Skellerup (SKL) Fundamentals

[tim23]

Macduffy - I'm guessing they owe you more than current share price so won't matter if you keep averaging down will it? Personally I think they are a steal!

[Pricey]

Sorry to labour the point too much, but I agree its important to read SSH right. If you have a look at the disclosure from 3 July, David Mair through DM2 Investment Trust holds the same amount of shares as that specified in the 21 July disclosure (so he can't have bought 50,000 on the 17th).

3 July: https://www.nzx.com/files/attachments/217126.pdf 21 July: https://www.nzx.com/files/attachments/216232.pdf

[(Summary of A or D of relevant interest (excluding specified derivatives) OR Summary of A or D of Derivatives) + Details of Transaction] should be read together and, separately from Summary of OTHER relevant interest.

Interpreting this as I go - how else are people reading this?

Additionally, although its not as compelling as DM buying himself, I doubt a director would risk the performance of a fund he is involved in through buying SKL, if SKL was in trouble. Bought in at $1.26.

[winner69]

Sorry to labour the point too much, but I agree its important to read SSH right. If you have a look at the disclosure from 3 July, David Mair through DM2 Investment Trust holds the same amount of shares as that specified in the 21 July disclosure (so he can't have bought 50,000 on the 17th).

3 July: https://www.nzx.com/files/attachments/217126.pdf 21 July: https://www.nzx.com/files/attachments/216232.pdf

[(Summary of A or D of relevant interest (excluding specified derivatives) OR Summary of A or D of Derivatives) + Details of Transaction] should be read together and, separately from Summary of OTHER relevant interest.

Interpreting this as I go - how else are people reading this?

Additionally, although its not as compelling as DM buying himself, I doubt a director would risk the performance of a fund he is involved in through buying SKL, if SKL was in trouble. Bought in at $1.26.

You got me well and truly stuffed now

Belwo is part of the SSH notice dated 21 July

Doesn't it say that DM InvestmentTrust purchased on market 50,000 shares $62,000 on July 17

Or am I missing something. I know these things are hard to read and totally confuding but why put that in if he didn't buy 50,000 shares

[winner69]

Hey pricey, you are right the number of shares held is unchanged from the previous SSH

Maybe I am really thick and don't understand such things, then again the form fillers (David did say he just signs things they put in front of him) have made a mistake

[Crash Test Dummy]

I may be a dummy but I can work this out.

Public Trust Forte Nominees is acquiring shares and the man has a 'non-beneficial interest as a shareholder of the fund manager' (of Public Trust Forte Nominees).

[Saint]

3 days straight of SP increase. Also a few shares wanting to be sold at $1.18

[cdonald]

3 days straight of SP increase. Also a few shares wanting to be sold at $1.18

Most likely due to the rebound in Dairy prices more than reversing last auctions declines. Might give some farmers enough incentive to open their wallets

http://www.stuff.co.nz/business/farm...prices-rebound

[benjitara]

I've deemed this to be a nice overall result given mining and diary aren't in great shape at the moment. Nice.

[Beagle]

First impressions.

Very good annual result. Demand from dairy farmers still solid. Final divvy increased to 5.5 cps fully imputed.
EPS 11.38 cps vs consensus forecast on 4 traders of 10.0 cps, compared to 10.76 cps last year.
Directors confident of further growth next year.
Had a quick look at the balance sheet, looks nice and clean, with a very sound structure about it with little if any term debt.
Exports constitute nearly 75% of revenue WOW who would have thought !!
Currency tailwind to come here and who was picking it ?
Gross divvy yield just over 10% so you're being paid very handsomely to enjoy future years growth.
Looks pretty good to me...others thoughts ?

[benjitara]

First impressions.

Very good annual result. Demand from dairy farmers still solid. Final divvy increased to 5.5 cps fully imputed.
EPS 11.38 cps vs consensus forecast on 4 traders of 10.0 cps, compared to 10.76 cps last year.
Directors confident of further growth next year.
Had a quick look at the balance sheet, looks nice and clean, with a very sound structure about it with little if any term debt.
Exports constitute nearly 75% of revenue WOW who would have thought !!
Currency tailwind to come here and who was picking it ?
Gross divvy yield just over 10% so you're being paid very handsomely to enjoy future years growth.
Looks pretty good to me...others thoughts ?

In the words of meatloaf (music by Jim Steinman) "You took the words right out of my mouth" This and briscoes would be a couple of expertly run companies at the moment.
DISC now hold SKL