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03-08-2022, 08:25 AM
#641
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04-08-2022, 08:37 AM
#642
 Originally Posted by Sideshow Bob
Great news
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06-08-2022, 09:18 AM
#643
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06-08-2022, 09:32 AM
#644
Originally Posted by Sideshow Bob
Fluff article.
Chair,Rob Hewett and CEO, Simon Limmer are laying the foundations for the next 100years.
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08-08-2022, 11:37 AM
#645
Originally Posted by percy
Fluff article.
Chair,Rob Hewett and CEO, Simon Limmer are laying the foundations for the next 100years.
The old Hound has never been a fan of SFF.
SFF have obviously enjoyed a purple patch in terms of profitability - and also benefiting from the lack of long-term debt.
While there might be planning for the next 100 years - who knows what that might bring. Even the next 10 years. Chinese look much more long-term than westerners however.
The profitability and reinvestment in the business has been very much needed. But wWhen start to look at it cumulatively, there has been enormous sums retained within the business. They've made $240m net over the last 3 years - and probably close to $200m of this has been retained in the business.
Every meat company in NZ has made very good/record results the last few years, with market and procurement conditions. As an example, BSM were expected to make around $25m EBITDA for the year ended June - and that is just one smaller plant.
The (unanswered) questions are whether SFF are performing better than the rest or keep performing better, how they will go as/when market conditions change, how well the retained profit that has been kept within the business has been invested, and how well those retained earnings will generate returns.
For that I've got no answer......
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15-08-2022, 08:02 PM
#646
Finally a bit of price movement - in the right direction....
Been sitting at $1.62 since the start of the month. Last trade at $1.65.
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16-08-2022, 05:13 PM
#647
Buy side looking very dry......only 39,400 at $1.80.
$1.70 cleaned out and buyer wants another 26k.
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16-08-2022, 05:49 PM
#648
Originally Posted by Sideshow Bob
Buy side looking very dry......only 39,400 at $1.80.
$1.70 cleaned out and buyer wants another 26k.
Thank goodness you are not my broker.
The buy side is on your left,sell side on the right,,...lol
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16-08-2022, 05:54 PM
#649
Originally Posted by Sideshow Bob
Buy side looking very dry......only 39,400 at $1.80.
$1.70 cleaned out and buyer wants another 26k.
Lets rephrase that .
Only one offer left in the market @ $ 1.80
26 K on the bid at $ 1.70 , with plenty of bids below.
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17-08-2022, 09:50 AM
#650
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