Seeka

[BlackPeter]

CEO buys himself some shares for Christmas:

https://www.nzx.com/announcements/329034

[BlackPeter]

Early days yet, but anybody else noticed these tender green shoots?

InkedSEEKA.jpg

Might well be the begin of a recovery?

[Lewylewylewy]

Pot reported an increase in kiwifruit

[iceman]

Early days yet, but anybody else noticed these tender green shoots?

InkedSEEKA.jpg

Might well be the begin of a recovery?

Yes have been watching with interest and weighing up whether to buy into this good company again. But China relations concern me a little for this industry at the moment and I'd like to see SEK make a more steady progress into good profitability with their Australian operations so will hold off for awhile longer I think.

[Lewylewylewy]

The debt is the only worry for me with this stock. Prt of Tauranga reported 30% increase in kiwifruit shipment, i believe

[BlackPeter]

Financials should be out soon (last week it was the 23rd), but I would imagine that the debt load dropped after the CR ... this was one of the reasons they did it - wasn't it?

[bull....]

50m from issue and 10m from sale gives 60m in cash , i reckon 24m on debt reduction as its in current liabilities and the rest on capital expenditure and growth initiatives. aus probably needs alot of the cap i reckon.

div 17 - 18c per yr

see how my guesses work out

[BlackPeter]

50m from issue and 10m from sale gives 60m in cash , i reckon 24m on debt reduction as its in current liabilities and the rest on capital expenditure and growth initiatives. aus probably needs alot of the cap i reckon.

div 17 - 18c per yr

see how my guesses work out

Well, I guess money from issue and earnings was not too hard to estimate - and divie a bit bearish - as one would expect from a bear in disguise ;

But first lets look at the overall results:

http://nzx-prod-s7fsd7f98s.s3-websit...039/295586.pdf

Revenue 204m, up from 187m

EPS 37 cents, up from 35 cents (company says up from 32 cents, but this is recalculating last years EPS based on current number of shares); Anyway - however one is calculating it - they had a capital rise and still increased their EPS. Sweet - well done, team!

Dividend is 24 cents (total year), up from 22 cents.

Net debt slightly down (79.1m, was 83.1m), but total assets nicely up (269.8m, was 222m);

Leverage (total liabilities / total assets) down to 43.1% from 55.6%;

NTA now $4.96 per share;

... not bad for a share you could buy this morning still at $4.60 (... these were the days ;

Outlook - cautiously optimistic ...

Quite happy with my small holding ;

[peat]

debt only down 4m but divi 24c per annum following the next one

with only a quick read the result looks ok to me

[BlackPeter]

nice to see this relentless SP uptrend ; Now SP confirmed above MA 100 ($4.70) ! Next stop: MA 200 ($5.00);