Silver Ferm Farms

[percy]

Agree. Not a good look at all.

Yes disappointing.
Trust the issue is recognized ,and all their other plants are safe,or are being upgraded so it does not happen again..

[Sideshow Bob]

Company at top of dumping breach list takes on big new contract | RNZ News

Whilst not them direct, more sub-optimal publicity. Skins have traditionally been an environmental unfriendly part of the industry.

[percy]

Comments from SFF's Chief Executive,Simon Limmer in his fortnightly Market Report:

Silver Fern Farms works hard to ensure we are the best at what we do, and this includes our commitment to the community and the environment. However, unfortunately we don’t always get it right and this week we have had to front up to this reality again.



A year ago we had an ammonia incident at our Hāwera plant which exposed some of our people to unacceptable risk and had a really detrimental impact on the local environment. We have acknowledged what went wrong and worked hard, to the very best of our ability, to put things right. We have faced a prosecution by the Taranaki Regional Council, to which we pled guilty, and this week we accepted the Court’s findings and the associated fine.



While never a nice process to go through it is important to learn from this experience, and we have made some substantial changes to how we manage our ammonia and stormwater systems, not just at Hāwera, but at sites across the company. We have made a commitment to continue our work with local iwi, Ngāti Ruanui, to restore the Taw’iti stream.



For those interested in more detail you can read more on that by clicking here. Thank you to the Hāwera team and others leading our response to better managing ammonia. It has been a huge team effort and reinforces for me why we are investing to improve infrastructure and needing to lead the way when it comes to sustainability and environmental performance.

[Baa_Baa]

Good on him for fessing up, that is a true sign of leadership, honest and openly acknowledging fault as well as remediation. Reality is it doesn't really affect the company financials too much.

Fortunately they're not a listed company as this would be slaughtered on the bigger bourse. Loyal shareholders will brush it off, as a learning, or some other such event. As is with illiquidity, sometimes it works for you, sometimes it doesn't. This time it probably will.

[iceman]

Reports of African Swine Fever breaking out again in China, this time in their key pork-producing provinces of Sichuan and Hubei. If this gets out of control, it will have a major effect on protein demand in the market.
Percy we may well be "well positioned".

[percy]

Reports of African Swine Fever breaking out again in China, this time in their key pork-producing provinces of Sichuan and Hubei. If this gets out of control, it will have a major effect on protein demand in the market.
Percy we may well be "well positioned".

The excitement builds.
Online meat sales growing in overseas markets,together with restaurants due to reopen shortly ,the Chinese will drive up the demand for Silver Fern Farms grass feed red meats. .
The SFF result is due with in the next 6 weeks, and it should be good ,going by the market pushing the share price to 84 cents,an all time high.,Well up on the 45 cents it was a year ago.I expect similar share price growth in the coming year,helped by hopefully an increased fully imputed dividend.
Certainly we are "well positioned".

[Sideshow Bob]

17,000 just cleaned up at $0.84.

Did you need to get more "well positioned" this morning Percy??

[percy]

Not me.
Withdrew the wife's bid at 80 cents yesterday,.
Had been holding myself at the ready to buy those shares at 84 cents, if the result announcement said the divie had been increased to 6 cents or more.
However no result announcement from either SFF or PAZ as yet..
Been a long morning waiting.

[Sideshow Bob]

Turning into a long afternoon too Percy.

Not like have one result to keep ourselves entertained while we await the other......

[Sideshow Bob]

Here we go boys & girls....

Media_Release_Silver_Fern_Farms_Coop_Result__2020_ Final_310321.pdf (usx.co.nz)