sharetrader
Page 44 of 120 FirstFirst ... 344041424344454647485494 ... LastLast
Results 431 to 440 of 1194

Thread: Seeka

  1. #431
    Risk Manager for FTX
    Join Date
    Dec 2019
    Posts
    194

    Default

    Total revenue of $236.9m (2018: $203.7m); an increase of 16%.
    – $6.9m profit after tax (2018: $6.7m); up 3%.
    – $34.5m EBITDA (2018: $33.3m); up 4% and ahead of the guidance range of between $32.5m to $33.5m.
    – $368.2m of assets; up 22% from 2018.
    – $116.8m net debt; an increase of $37.7m.
    – $0.22 earnings per share; reflecting the full-year dilution of the late-2018 capital raise.

    Opinions on the result? As expected?


  2. #432
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    Quote Originally Posted by Gerald View Post
    Total revenue of $236.9m (2018: $203.7m); an increase of 16%.
    – $6.9m profit after tax (2018: $6.7m); up 3%.
    – $34.5m EBITDA (2018: $33.3m); up 4% and ahead of the guidance range of between $32.5m to $33.5m.
    – $368.2m of assets; up 22% from 2018.
    – $116.8m net debt; an increase of $37.7m.
    – $0.22 earnings per share; reflecting the full-year dilution of the late-2018 capital raise.

    Opinions on the result? As expected?

    as expected. I say on the thread a while ago i didnt expect the share to go higher because growth will be a few years away, i still maintain the view
    one step ahead of the herd

  3. #433
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    ONe cant complain when guidance is achieved though of course one can hope for more.
    EPS down quite a lot really, but we knew it would be that way
    I thought debt was decreasing???
    Solid divi - I'm holding, but I must admit I was hoping for better.
    For clarity, nothing I say is advice....

  4. #434
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by peat View Post
    ONe cant complain when guidance is achieved though of course one can hope for more.
    EPS down quite a lot really, but we knew it would be that way
    I thought debt was decreasing???
    Solid divi - I'm holding, but I must admit I was hoping for better.
    Agree.

    Re debt - I think this is more a timing issue, should be already lower now (with one orchard sale settled in February).

    Positive outlook, but obviously - it is a weather dependent industry ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  5. #435
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    Quote Originally Posted by BlackPeter View Post
    Agree.

    Re debt - I think this is more a timing issue, should be already lower now (with one orchard sale settled in February).

    Positive outlook, but obviously - it is a weather dependent industry ...
    Yeh good point about the debt.
    Hopefully the orchards have irrigation.
    One thing that is concerning me about this company though is that it may over reward growers vs shareholders. They are its stated focus whereas shareholders should be the focus and growers can be shareholders if they choose.
    For clarity, nothing I say is advice....

  6. #436
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by peat View Post
    Yeh good point about the debt.
    Hopefully the orchards have irrigation.
    One thing that is concerning me about this company though is that it may over reward growers vs shareholders. They are its stated focus whereas shareholders should be the focus and growers can be shareholders if they choose.
    Don't think you can operate a commercial orchard in NZ and certainly not in Australia without irrigation.

    I take that in NZ as given and did recently some research re their Australian site ... and they look fine (i.e. they have irrigation and the water supply looks safe to the end of the harvesting period).

    Not so sure re focus on shareholders vs growers. I guess - you could say that the growers are basically part of their customer base (they pay for consultation, for space in the cool storage and Seeka basically clips the ticket for every crate sold. No growers, no profit). Normally it is good if a company is looking after their customers. They say - look after your customers and the profits look after themselves.

    Obviously - there needs to be long term a fair payback for the capital as well. Do you think this is not the case?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  7. #437
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,407

    Default

    I do like what they are doing. They have greatly increased their geological presence by buying up large in Northland and Australia. To do this they took on a lot of debt but they nare now selling a lot of the orchards to growers that will have contracts to supply to SEK for several years and use the proceeds (and rleased gains) to lower debt again. They have now said they will look at a similar program in Australia.

    Peat has a valid point about grower focus vs shareholder focus but the reward scheme they ran for several years and finished a couple of years ago from memory, was paid out in shares so the rewarded growers became shareholders with increasing holding sizes. Would be interesting to know how many have held onto those shares.

    But overall I think SEK is doing the right thing and setting themselves up well for the future. We may well be a couple of (or several) years away from seeing the real results from this strategy but I like it anjd will be buying more in the near future if prices stay at current level or slightly lower. Currently only have a miniscule holding bought recently

  8. #438
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Expecting 2020 Kiwifruit crop to be 10% larger than last year:

    http://nzx-prod-s7fsd7f98s.s3-websit...310/318041.pdf

    ... this can't be bad news, can it?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  9. #439
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    Quote Originally Posted by BlackPeter View Post
    Expecting 2020 Kiwifruit crop to be 10% larger than last year:

    http://nzx-prod-s7fsd7f98s.s3-websit...310/318041.pdf

    ... this can't be bad news, can it?
    one would hope not for sure

    but price taker huh ? so if glutted then could be less overall revenue
    BUT with drought conditions it is less likely that a glut will occur?
    I'm just surmising here...…..
    For clarity, nothing I say is advice....

  10. #440
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    Quote Originally Posted by BlackPeter View Post
    Expecting 2020 Kiwifruit crop to be 10% larger than last year:

    http://nzx-prod-s7fsd7f98s.s3-websit...310/318041.pdf

    ... this can't be bad news, can it?
    be more informative if they provided a comparison before the northland aquisitions , looks like the lift is only due to this could actually be worse if nortland taken out
    one step ahead of the herd

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •