Silver Ferm Farms

[Sideshow Bob]

Good to see SFF get involved in this. The current situation is madness with forever more productive meat farms being converted to forestry with little to no economic benefit from the country and huge risks as we have seen from Cyclone Gabrielle slash disaster in Gisborne & Hawkes Bay. This whole area needs a big rethink.

Only 10 odd more sleeps to the annual results and dividend announcement

Especially if we shutdown one of our biggest exporter earners and start producing less - with the slack being picked up by other countries who are less carbon efficient producers. We feel good but global emmissions are higher.

And agree. Forestry needs a big rethink. The whole pine forest thing is a big con.

But otherwise, we wait for the annual results........

[DarkHorse]

Good to see SFF get involved in this. The current situation is madness with forever more productive meat farms being converted to forestry with little to no economic benefit from the country and huge risks as we have seen from Cyclone Gabrielle slash disaster in Gisborne & Hawkes Bay. This whole area needs a big rethink.

Only 10 odd more sleeps to the annual results and dividend announcement

Indeed. NZ farmers are no more responsible for climate change than Japanese car makers - if we shut them down people would just buy from less efficient producers. (Not to say eating less meat and driving less won't help though!)

[Sideshow Bob]

Indeed. NZ farmers are no more responsible for climate change than Japanese car makers - if we shut them down people would just buy from less efficient producers. (Not to say eating less meat and driving less won't help though!)

Do you see Saudi Arabia busy planting pinus radiata forests?? They don't take responsibility for the emissions from the product they sell - their customers would have to. But for meat/dairy producers, the emissions are their problems, not their customers who eat the product - and farmers can't even offset with any sequestration on their farm!!

[Sideshow Bob]

Are we going to see an announcement tomorrow?

Finally traded yesterday for the first time in months at something other than $1.50 +/- 2 cents.

Did someone just get a little lucky....??

[Sideshow Bob]

Result is out.....

Revenue: $3.273B
EBITDA: $301.3m (up from $179.7m)
Net Profit $189.3m ($103.8m last year)
13.1c dividend fully imputed, bringing it to 23.2c for the year.
With the divvy from SFF Ltd, the Co-Op put another roughly $5m in the bank.

[percy]

result is out.....

Revenue: $3.273b
ebitda: $301.3m (up from $179.7m)
net profit $189.3m ($103.8m last year)
13.1c dividend fully imputed, bringing it to 23.2c for the year.
With the divvy from sff ltd, the co-op put another roughly $5m in the bank.

amazing....................................

[Sideshow Bob]

amazing....................................

I think Percy is lost for words!!

[percy]

I think Percy is lost for words!!

That is the under statement.!!
I was thinking with things looking tougher we may have been lucky to get a 5 cents divie.
Love being wrong..lol

[Mr Slothbear]

Great results, currently ttm p/e of approx 1.6x !

what is the ex div date for this div? I can’t see it mentioned in the announcement.

[Sideshow Bob]

That is the under statement.!!
I was thinking with things looking tougher we may have been lucky to get a 5 cents divie.
Love being wrong..lol

Great to be wrong on this! I was pretty sure that would at least have something similar for the end of year divddy to last year, as otherwise wouldn't have suddenly paid out an interim divvy (which was very welcomed).

Something to think about.....

Total equity of the Co-Op $4.38 per share.
Total net profit SFF Ltd of $189.3m equates to about $0.94cps of the Co-Op net profit! EPS is 62.6% of the current share price (based on $1.50)

No trades this morning and still about 20k on offer at $1.50!!