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  1. #371
    Dilettante
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    Simon Limmer reports in his newsletter today that SFF is on track to achieve 24% increase from last year, in beef animal numbers.
    Also announced a premium to beef suppliers.

    I think we’re in for a stellar year, despite the very serious freight issues

  2. #372
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    Quote Originally Posted by iceman View Post
    Simon Limmer reports in his newsletter today that SFF is on track to achieve 24% increase from last year, in beef animal numbers.
    Also announced a premium to beef suppliers.

    I think we’re in for a stellar year, despite the very serious freight issues
    Nice one Iceman!

    24% is huge. Beef underpins their profit and that should sort of increase will assist hugely.

    Profitability on beef is why Alliance are trying to up their numbers…..don’t know how successfully or at what cost though…..

  3. #373
    percy
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    Quote Originally Posted by iceman View Post
    Simon Limmer reports in his newsletter today that SFF is on track to achieve 24% increase from last year, in beef animal numbers.
    Also announced a premium to beef suppliers.

    I think we’re in for a stellar year, despite the very serious freight issues
    The share price is "well positioned" to be rerated.

  4. #374
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    Quote Originally Posted by percy View Post
    The share price is "well positioned" to be rerated.
    Seasonal business in terms of revenue and profitability but pity don’t have a half year result.

    Still, an opportunity to add more on any weakness…..

  5. #375
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    Quote Originally Posted by Sideshow Bob View Post
    Still, an opportunity to add more on any weakness…..
    Somebody wanted out today, down to 95c.

    Looks like little disruption at this stage, at what is a quieter time of year - Meat processors temporarily reduce capacity after lockdown announced | Stuff.co.nz

  6. #376
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    I like the growth potential and prospects of SFF, always thought they were a private company until I found USX, hidden gem IMO.

  7. #377
    percy
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  8. #378
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    Looking good for us this year heading towards a juicy dividend in April.

    Interesting to read about the restrictions on exports from Argentina. They've done this with soya & corn as well. Under the current Government they are heading for a Venzuelan style economic collapse. The peso is artificially controlled but despite that has fallen over 20% so far this year as can be seen here https://tradingeconomics.com/argentina/currency
    But this is the official rate, which exporters have to use for their sales and are then hit with a 30% tax on USD bought for imports such as machinery and all other supplies. A total theft.
    The Blue Dollar (black market) which is the real market rate is now around double the official rate, 1 USD = AR$ 177 https://bluedollar.net/
    Last edited by iceman; 30-08-2021 at 07:25 AM.

  9. #379
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    I remember going to Argentina in the early 2000's - they'd not long unpegged from the USD, and instead of being 1 to 1 they were 3 to 1.

    As a backpacker, lived like a king, excellent steak and malbec every night.

    Ahhh those are the days when you could (easily) travel.......

  10. #380
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    Quote Originally Posted by Sideshow Bob View Post
    I remember going to Argentina in the early 2000's - they'd not long unpegged from the USD, and instead of being 1 to 1 they were 3 to 1.

    As a backpacker, lived like a king, excellent steak and malbec every night.

    Ahhh those are the days when you could (easily) travel.......
    Yep. When I started working there in 2007 I used to get AR$ 3.5 for 1 USD. When I was in BA a couple of months ago, I got AR$ 180. A decent bottle of Malbec AR$ 350-450 :-)

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