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  1. #241
    percy
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    Last edited by percy; 02-12-2020 at 02:03 PM.

  2. #242
    Dilettante
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    I wasn't aware of that kiora, that SFF had settled this. That's great news. I must have missed it in all the reports I've read. Do you have a reference for me to look at ?
    Beef exports have been incredibly resilient this year but I only have numbers up to end of Sept. It will be interesting to see why there was a 30% drop in October as you say, but regardless, I think it is incredible how well our meat exporters have come through this crazy year and how reasonable bull prices have been maintained:

    https://beeflambnz.com/sites/default...%20Country.pdf

    https://file-us.clickdimensions.com/...7-005056b6486e

  3. #243
    Dilettante
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    Quote Originally Posted by percy View Post
    Thanks Percy. This explains it and it was always expected that our beef exports to China would reduce from late 2019 once China got on top of the swine flu and increased pork production again. But we have been able to counter some of that with increases into USA, Korea, Japan and Canada

  4. #244
    percy
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  5. #245
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    Quote Originally Posted by iceman View Post
    I wasn't aware of that kiora, that SFF had settled this. That's great news. I must have missed it in all the reports I've read. Do you have a reference for me to look at ?
    Beef exports have been incredibly resilient this year but I only have numbers up to end of Sept. It will be interesting to see why there was a 30% drop in October as you say, but regardless, I think it is incredible how well our meat exporters have come through this crazy year and how reasonable bull prices have been maintained:

    https://beeflambnz.com/sites/default...%20Country.pdf

    https://file-us.clickdimensions.com/...7-005056b6486e
    Shipping is a major issue for exporters - SFF would be affected but there was a reference in the ODT at the weekend (NZ Herald article) that SFF & Fonterra would not be quite so bad because of Kotahi.

    Problems in China will start to flow through to stats. below from one of the shipping companies:

    We would like to give you an update on the current situation for reefer shipment to Tianjin. Due to the instruction issued by local authorities, all reefer shipments to Tianjin are required to complete an inspection and test for COVID-19 before release. As such, reefer plugs in the terminal is facing severe shortage, resulting vessel berthing schedules being postponed.
    Due to the aforementioned, all related inbound operations as well as container pickup activities have been severely impacted. As a result, reefer plugs has been fully utilized. Despite every effort, it was not possible to timely discharge all reefer containers in Tianjin and subsequently diverted to alternative ports such as Qingdao, Dalian, and other China Ports or keep the cargo at Busan. We anticipate that this situation, which is beyond XXX’s control, and will continue for the upcoming weeks.
    Given the above situation, we would like to offer the following options related to your cargo:
    (1) Accept delivery at current port of discharge if situation allows Or,
    (2) Divert your reefer containers to another port / destination Or,
    (3) Return your reefer containers back to origin
    (4) In case we don’t receive any instruction from you, XXXXXXX reserves the right to take necessary arrangement.
    Please note that for all options, all additional costs, risks and liabilities related to the storage or movement of the cargo after discharge will be for the account of the cargo owner. We kindly ask for you to provide us with written confirmation of your preferred choice for taking delivery of the cargo at your earliest convenience in order for us to initiate the necessary arrangements. We regret the inconvenience that these circumstances may cause and the terms of this notice shall be read in conjunction

    So definite constraints with shipments to China.

  6. #246
    Dilettante
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    I saw somewhere (can't find it now) earlier today that Don Braid of Mainfreight said they have 350 containers in China meant for Europe and have been told they will not be able to ship them onwards until sometime in January at the earliest. This is becoming a major and very serious issue for both exporters and importers.

  7. #247
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    MPI primary industry outlook:

    Situation and Outlook for Primary Industries (SOPI) December 2020 (mpi.govt.nz)

    Meanwhile coming up to the SFF end of FY, and last trades at 80c.....

  8. #248
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    Believe there will be increasing pressure on meat companies in terms of shipping and coldstorage, as get into peak season, at least in the South. Many public coldstores are near capacity, and can foresee it starting to impact production - with plants maybe not saving low value items or slowing their production.

    On top of this, Dalian port has just closed - which is the primary Chinese port for NZ lamb exports. Shipping lines now not accepting bookings and cancelling those not loaded. Other destinations also have delays or significant congestion charges.

    In terms of SFF, hope their Kotahi relationship is paying off, but would be unsure on coldstorage situation. Cashflow likely to be starting to hurt - although nothing like the old days!!

    Interesting to see how pricing/competitive situation pans out. Could be an opportunity to lower prices if processors are constrained??

    Likely about 2.5months to FY announcement, not much share activity happening.....

  9. #249
    ShareTrader Legend Beagle's Avatar
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    Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.

  10. #250
    Dilettante
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    Quote Originally Posted by Beagle View Post
    Agree. Not a good look at all.

  11. #251
    percy
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    Quote Originally Posted by iceman View Post
    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..

  12. #252
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    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.
    Last edited by Sideshow Bob; 26-02-2021 at 11:29 AM.

  13. #253
    percy
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    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.
    Last edited by percy; 26-02-2021 at 06:40 PM.

  14. #254
    Membaa
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    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.

  15. #255
    Dilettante
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    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".

  16. #256
    percy
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    Quote Originally Posted by iceman View Post
    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".
    Last edited by percy; 14-03-2021 at 09:07 AM.

  17. #257
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    17,000 just cleaned up at $0.84.

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

  18. #258
    percy
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    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.

  19. #259
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    Turning into a long afternoon too Percy.

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

  20. #260
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