Skellerup (SKL) Fundamentals

[Jantar]

Another million shares for Sir Selwyn

https://nzx.com/companies/SKL/announcements/278214

And he is still buying:
https://www.nzx.com/companies/SKL/announcements/278822
If the directors have this much confidence it bodes well for the future.

[winner69]

SKL at 128

One that doesn't seem to have recovered the slide after that not so good announcement.

Mind you PGW not looking flash either

[Gunny]

Both on my watch list after getting out ahead before slides. Still like both.

Gunny

[kiora]

SKL at 128

One that doesn't seem to have recovered the slide after that not so good announcement.

Mind you PGW not looking flash either

Sir Selwyn still loves it He is still appears to be buying for long term?Can't go wrong

[Snoopy]

Sir Selwyn still loves it He is still appears to be buying for long term?

I think you have to take a longer term view with SKL. I started buying last year, average buy price $1.30. The share price sank, then raced up just before the latest half year announcement, then sank again. I bought some more just recently at $1.30! There are some on this forum who have bought and sold over that time frame.

But the new factory is only just starting to come on stream. Any efficiencies captured will be trickling their way into the accounts over the next 18 months. Meanwhile the exchange rate is weakening off. Their new Alfa Romeo drive coupling contract in Italy is yet to start, but ready to go. Countering that is tough times for dairy and iron ore producers which keeps a lid on the profit SKL is making from those respective industries. But the rubber milking cups and slurry carrying rubber connectors are ultimately 'must have' consumables, not luxuries. Purchase cannot be postponed forever.

It all adds up to an ideal time to accumulate SKL by my reckoning.

SNOOPY

[winner69]

Both on my watch list after getting out ahead before slides. Still like both.

Gunny

Gunny - SKL been gunny be good for years and years

Has anything really changed?

[Beagle]

SKL at 128

One that doesn't seem to have recovered the slide after that not so good announcement.

Mind you PGW not looking flash either

Looks like anything with major exposure to dairy is under serious pressure.

[Gunny]

Not changed just taking a holiday and earning greater capital gains in other shares at the moment before getting back in. THL and SCL doing it for me currently, CAV not (bugger) . May peg SCL back to balance my portfolio and reinvest in the expected upswing in SKL in a while but seeing too much upside in SCL over SKL at the moment.

Gunny

[percy]

I think you have to take a longer term view with SKL. I started buying last year, average buy price $1.30. The share price sank, then raced up just before the latest half year announcement, then sank again. I bought some more just recently at $1.30! There are some on this forum who have bought and sold over that time frame.

But the new factory is only just starting to come on stream. Any efficiencies captured will be trickling their way into the accounts over the next 18 months. Meanwhile the exchange rate is weakening off. Their new Alfa Romeo drive coupling contract in Italy is yet to start, but ready to go. Countering that is tough times for dairy and iron ore producers which keeps a lid on the profit SKL is making from those respective industries. But the rubber milking cups and slurry carrying rubber connectors are ultimately 'must have' consumables, not luxuries. Purchase cannot be postponed forever.

It all adds up to an ideal time to accumulate SKL by my reckoning.

SNOOPY

The drive coupling is a potential mine field.
Car manufacturers are mean,and usually demand supply ex warehouse.ie SKL may need to carry stock in Italy.
SKL were sued [successfully] by Marley for supplying not to specification products.Doing the same thing for a car manufacturer,would mean a recall.The manufacturer would then sue SKL for the cost of the recall.It could/would break SKL.
Drive couplings would be a lot more sophisticated than down pipes or irrigation pipes used by Marley.

[Under Surveillance]

The drive coupling is a potential mine field.
Car manufacturers are mean,and usually demand supply ex warehouse.ie SKL may need to carry stock in Italy.
SKL were sued [successfully] by Marley for supplying not to specification products.Doing the same thing for a car manufacturer,would mean a recall.The manufacturer would then sue SKL for the cost of the recall.It could/would break SKL.
Drive couplings would be a lot more sophisticated than down pipes or irrigation pipes used by Marley.

A thought-provoking post percy.
SKL's refusal to face up to its failings with the Marley product was grubby. Copped a drubbing when it went to court.