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  1. #301
    percy
    Join Date
    Oct 2009
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    christchurch
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    Quote Originally Posted by justakiwi View Post
    So the minimum purchase will now be 1000 shares?
    Perhaps not.
    The 11,500 shareholders hold rebate shares..They once supplied SFF with stock.Of the 11,500 holding less than 1,000 rebate shares.I think from memory just 350 of them are current suppliers to SFF.I would guess most of these small share holdings go back 20 to 40 years.
    Usually when companies are taking out small shareholders they give you the option to hold,or increase you holding.Sometimes you have to increase your holding to a minimum.
    Therefore I see no reason why you could not buy 500 shares,with the view of increasing,however I would think it would be prudent to start with 1,000.

  2. #302
    Senior Member justakiwi's Avatar
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    Aug 2016
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    South Canterbury
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    802

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    Thanks Percy

    Quote Originally Posted by percy View Post
    Perhaps not.
    The 11,500 shareholders hold rebate shares..They once supplied SFF with stock.Of the 11,500 holding less than 1,000 rebate shares.I think from memory just 350 of them are current suppliers to SFF.I would guess most of these small share holdings go back 20 to 40 years.
    Usually when companies are taking out small shareholders they give you the option to hold,or increase you holding.Sometimes you have to increase your holding to a minimum.
    Therefore I see no reason why you could not buy 500 shares,with the view of increasing,however I would think it would be prudent to start with 1,000.

  3. #303
    Advanced Member
    Join Date
    Jul 2004
    Location
    Bolivia.
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    2,461

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    Nice start to the week - the 30,000 at $1.05 already been taken out.

    Looks like its price is continuing to race PAZ......
    Last edited by Sideshow Bob; 03-05-2021 at 10:22 AM.

  4. #304
    Dilettante
    Join Date
    Mar 2010
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    Down & out
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    3,830

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    Quote Originally Posted by Sideshow Bob View Post
    Nice start to the week - the 30,000 at $1.05 already been taken out.

    Looks like its price is continuing to race PAZ......
    Holy smoke. The P/E is about to race past 3. Where will this end ???
    Last edited by iceman; 04-05-2021 at 12:56 AM.

  5. #305
    Advanced Member
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    Jul 2004
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    Quote Originally Posted by iceman View Post
    Holy smoke. The P/E is about to race past 3. Where will this end ???
    PE of over 3.....WTF!! The world has gone crazy!!

    Next thing you'll be saying they have no debt, a stack of cash in the bank and shares valued at a fraction of book value!!
    Last edited by Sideshow Bob; 04-05-2021 at 11:43 AM.

  6. #306
    Advanced Member
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    Jul 2004
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    Bolivia.
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    Boom! $1.10!!

  7. #307
    Dilettante
    Join Date
    Mar 2010
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    Red meat exports in March were $ 1.04 Billion, only the 2nd time monthly exports have reached the $ 1 Billion mark. The other was March 2020, before COVID hit.

    China is strong and took 45% of our red meat exports in March worth $ 464M, up 35% from same period last year.

    Exports to China over the last 12 months remained same as previous period, $3.6B and our second biggest market USA is also strong, up 8% to $1.8B
    But UK & Japan down $780M combined.

    Quite an amazing result given COVID problems and shipping constraints. Indications are that our 2 biggest markets, China & USA are fast getting on top of the virus and demand for quality red meat is strong in both countries.
    Last edited by iceman; Yesterday at 08:23 PM.

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