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  1. #601
    percy
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  2. #602
    Guru
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    Plenty of challenges out there in the macro-environment - but continue to go along well. Can see exporters and the primary sector being our saviours (much like through Covid) and will have to do plenty of heavy lifting, as can see the NZ economy going to hell in a handcart fairly fast (despite what Grant says). Currency starting to provide a good tail wind right now, and help to offset some of those inflationary domestic costs.

    As a shareholder, would like to see more in the way of financial updates, rather than being above or below budget - without having a clue what budget is, which is meaningless. Appreciate a highly seasonal business but must be able to do something, rather than have to wait another 11 months for a meaningful picture on how they are going. Until then, have to look at snippets from shareholder updates, hypothise (speculate) from competitors results etc etc.

    Share price shown some weakness in recent times, down 23% from ATH - going ex-div, having run hard & fast, China lockdowns, Fonterra's payout going back, shipping disruptions plus war, inflation, interest rates etc etc etc.

    Still looking good long term, and continued weakness might provide more chances for entry. Should also be enticing for new suppliers or those wanting to ensure have full holding to match their livestock supply.

  3. #603
    Dilettante
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    Quote Originally Posted by Sideshow Bob View Post
    Plenty of challenges out there in the macro-environment - but continue to go along well. Can see exporters and the primary sector being our saviours (much like through Covid) and will have to do plenty of heavy lifting, as can see the NZ economy going to hell in a handcart fairly fast (despite what Grant says). Currency starting to provide a good tail wind right now, and help to offset some of those inflationary domestic costs.

    As a shareholder, would like to see more in the way of financial updates, rather than being above or below budget - without having a clue what budget is, which is meaningless. Appreciate a highly seasonal business but must be able to do something, rather than have to wait another 11 months for a meaningful picture on how they are going. Until then, have to look at snippets from shareholder updates, hypothise (speculate) from competitors results etc etc.

    Share price shown some weakness in recent times, down 23% from ATH - going ex-div, having run hard & fast, China lockdowns, Fonterra's payout going back, shipping disruptions plus war, inflation, interest rates etc etc etc.

    Still looking good long term, and continued weakness might provide more chances for entry. Should also be enticing for new suppliers or those wanting to ensure have full holding to match their livestock supply.
    Good post SB. Agree 100%

  4. #604
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    Last trade $1.35. Bid currently at $1.15

    When is it time to back the track back up again??

  5. #605
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    Quote Originally Posted by Sideshow Bob View Post
    Last trade $1.35. Bid currently at $1.15

    When is it time to back the track back up again??
    Scrub that, current bid $1.07.

  6. #606
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    https://www.farmersweekly.co.nz/reco...126ksLXj6Zhu3I

    ANZCO profit. Likely similar profit margin to SFF, based on size/turnover, and also year-end December. Again heavily skewed to beef processing.

  7. #607
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    Quote Originally Posted by Sideshow Bob View Post
    Last trade $1.35. Bid currently at $1.15

    When is it time to back the track back up again??
    Seems to be finding a base around the $ 1.40 mark after going XD. I would be very happy if it settles there which is up 20c (17%) from start of year and up 60c (70%) excluding the big divie, in the last 12 months.
    All indications are that we've had a strong start to the year despite the many big and ongoing challenges that remain and are likely to do so for a long time yet. These challenges have now sort of become more just routine business as usual. I'm hopeful we are in for another bumper year operationally. The current lower NZ$ will definitely be favourable for SFF and farmers..
    Last edited by iceman; 14-05-2022 at 10:12 PM.

  8. #608
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    Quote Originally Posted by iceman View Post
    Seems to be finding a base around the $ 1.40 mark after going XD. I would be very happy if it settles there which is up 20c (17%) from start of year and up 60c (70%) excluding the big divie, in the last 12 months.
    All indications are that we've had a strong start to the year despite the many big and ongoing challenges that remain and are likely to do so for a long time yet. These challenges have now sort of become more just routine business as usual. I'm hopeful we are in for another bumper year operationally. The current lower NZ$ will definitely be favourable for SFF and farmers..
    From what I can see, no real change year-to-date in the combination of conditions that created the record 2021 profit - aside from Omicron and its effects on plant operations - costs but also cost efficincies of running at full steam. Most markets appear strong, albeit in the face of rampant inflation and rising interest rates. Biggest worry in my mind is the effects of lockdown in Shanghai and other pasts of China and how long this rolls on for. Typically January-April are the biggest volume months of the year, but this year the season has rolled on due to Covid - 1/3 through the year but more than 1/3 through their annual production.

    Lower dollar would be huge, especially as they indicated they could well have further labour cost rises. Great for their beef business, as more USD orientated than other species.

    We aren't going to get much more in the way of other company reporting until Blue Skies in about August/September - but they've already indicated what they've made YTD and what their forecast EBITDA is. Then Alliance in about November

  9. #609
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    Virtual Publication - Farmers Weekly

    SFF Annual Meeting page 3 (Front page covering surge in lamb export values)

  10. #610
    percy
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    Last edited by percy; 17-05-2022 at 07:44 AM.

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