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09-10-2023, 05:00 PM
#801
 Originally Posted by Sideshow Bob
Last trade $1.12. Few more on the offer at $1.12 and bid at $1.06.
Has creeped up a little in the last week. Fairly firm support at $ 1.30 now. Managed to get a handful at $ 1.15
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09-10-2023, 08:29 PM
#802
Originally Posted by iceman
Has creeped up a little in the last week. Fairly firm support at $ 1.30 now. Managed to get a handful at $ 1.15
Good on you.
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10-10-2023, 10:36 AM
#803
Originally Posted by iceman
Has creeped up a little in the last week. Fairly firm support at $ 1.30 now. Managed to get a handful at $ 1.15
Nice one! Great LT buy, and see now popped back up.
Has been reported that Alliance has said at their supplier roadshows that they'll make a loss this year (FY ended 30/9/23). 2021 they made $23m after tax, last year $73m. So quite the turnaround and will be interesting to see how far down they are. Understand taking quite a few measures to arrest the slump, including some job losses, and rumours are might be quite a large red number.
Alliance more exposed to lamb than SFF, as AGL are NZ's largest sheepmeats processor. Lamb has been a huge struggle for processors of late, with markets awash with cheap Australian lamb. Australian schedules are around $5 AUD/Kg for heavy lambs, $3.75/Kg for light lambs, whereas NZ lamb schedules are around or just under $7 NZD/Kg - so something doesn't add up. For the last week in September, 2021 the Aussies slaughtered 97k lambs, 2022 was 87k lambs and in 2023 it was 125k lamb......
Australia has benefited from herd rebuilds and La Nina being kind to Aussies with good rain/grass growth. But El Nino could be a complete different story.
Understand beef has been pretty average margin-wise, but better than lamb but Alliance only about 7% of NZ's production vs SFF 30%.
Interesting times!!
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13-10-2023, 09:57 AM
#804
Potential job losses at Alliance....
https://www.stuff.co.nz/business/far...Pos=1#cxrecs_s
While different to SFF, operate in the same procurement and sales markets.....
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13-10-2023, 01:44 PM
#805
Bids & offers keep creeping up !
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13-10-2023, 04:00 PM
#806
Originally Posted by iceman
Bids & offers keep creeping up !
$1.15 was a good top-up point!! 
Last edited by Sideshow Bob; 19-10-2023 at 09:28 AM.
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19-10-2023, 09:29 AM
#807
Again, not SFF but Alliance.
https://www.odt.co.nz/rural-life/red...9-meat-company
Preparing shareholders for a sh1t result.....
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26-10-2023, 02:48 PM
#808
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31-10-2023, 08:10 AM
#809
I see Rob up for Chairperson of the Year and Simon up for CEO - well done!
https://www.nzherald.co.nz/business/...1+October+2023
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31-10-2023, 01:25 PM
#810
Originally Posted by Sideshow Bob
Well done to them. Doesn't look like we'll be getting any interim divie this year, like we unusually did last year. They announced it last year on 28 October.
Not surprising really !
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