Seeka

[iceman]

Surge in lending for horticulture needs watching: Reserve Bank

https://www.nzherald.co.nz/business/...WXSMC6VSMX3SU/

i have heard some banks are not lending on horticulture already ... for real

Well the banks need to be careful here, since the industry can't get people to pick the fruit and shipping to and from NZ in crisis. A perfect storm. Been out for awhile now as I just simply can't see how next year will turn out. Madness.

[Filthy]

https://www.stuff.co.nz/business/far...abour-shortage

[BlackPeter]

BINGO - Love it!

https://www.nzx.com/announcements/364656

Seeka Limited [NZX:SEK] advises that its current year earnings guidance is
for a profit before tax between $15m and $17m compared to previous guidance
of between $9m and $12m.

Significant earnings upgrade (up 50+%) - and this despite Covid, worker shortages and climate issues.

Just wondering what they can do in a good year?

[peat]

Massive! Nice...

[Biscuit]

Massive! Nice...

Not clear how much of that is operational though. But yes, upgrades are good.

[Jaa]

Didn't even take a wage subsidy. Good on them.

Anyone know how much the one off gain on sale of the Aussie orchards is?

[Getty]

Its a good question

The sale price is A$26.5M, yet todays ann says they will reduce debt by $41.8/51.8M

Either way, its good news.

My concern is only over labour shortage.

[iceman]

Its a good question

The sale price is A$26.5M, yet todays ann says they will reduce debt by $41.8/51.8M

Either way, its good news.

My concern is only over labour shortage.

That may well include some settlement from the Northland orchards they sold and leased back, but not 100% sure. Either way, it is great to see the business doing well and paying down some of the debt that was getting to worrisome levels

[kiwidollabill]

Gold kiwi pricing has kept up in the market (maybe they were concerned about that?), green is week.

[RTM]

You beauty !

CORPACT: SEK: Seeka Announces 12 cent Special Dividend 09:43a.m.
SEK
16/12/2020 09:43
CORPACT
PRICE SENSITIVE
REL: 0943 HRS Seeka Limited

CORPACT: SEK: Seeka Announces 12 cent Special Dividend

Seeka Limited [NZX:SEK] advises the announcement of a special $0.12 per share
dividend. The dividend will be paid on 27 January 2021 to all holders of
ordinary shares in the Company recorded in the Company's share register at
the close of business on the record date of 24 December 2020 and that the
Company's Dividend Reinvestment Plan will apply in respect of the Special
Dividend.

Seeka considers a special dividend appropriate given the stronger than
expected earnings in the current financial year, a reflection of tight
financial management and the settled sale and lease back of part of the
Australian kiwifruit orchard portfolio. Seeka received no Government wage
subsidy and expects to end the year with much lower debt in accordance with
prior guidance.