Seeka

[peat]

12c divvy just announced and based on current price its about 6.3% gross yield, not bad.

hows that exactly ?

24cps per annum over $4.99 ?

[sb9]

hows that exactly ?

24cps per annum over $4.99 ?

I just went off by what was on NZX website.

[Lewylewylewy]

From stats nz:

Kiwifruit prices were at an all-time high in December 2019, with prices for seasonal fruit and vegetables also up, Stats NZ said today.

“Kiwifruit prices rose 32 percent in December to a weighted average price of $8.27 per kilo, an all-time high,” acting consumer prices manager James Griffin said.

“This compares with $4.24 in December last year.”

[turnip]

I came across this article from 24 Dec 2019, a bit superficial, but it sounds like conditions are still managable for Seeka in Australia:

"Seeka Australia are looking forward to a good kiwifruit season despite the very hot and dry conditions."

"Next year we are forecasting a volume of 73,000 cartons of Rico® pears, this represents a 25% increase in marketable volume from the 2019 season."

https://www.freshplaza.com/article/9...-comes-online/

Does anyone have suggestions of good places to look for news about the company, other than its infrequent announcements to the NZX?

[BlackPeter]

Cheers for posting the link ... and no, I am afraid I didn't found yet a regular and freely accessible source of information about Seeka. Anybody else?

Obviously you can check the industry regulars which may or may not report about Seeka as well.

https://www.hortnz.co.nz/news-events...he-orchardist/

or

https://kiwifruitjournal.co.nz

both are subscription based (cost money) and I don't know how useful they are for Seeka investors. You might find them though in a library close to you.

During the fire season in Australia it might as well pay to watch the fire reports for Bunbaartha.

[BlackPeter]

Good news - it is raining in Bunbaartha! This reduces the local fire risk for our crop ... and obviously will help with the irrigation:

https://live.harvest.com/?hsn=12060&grp=Main

and more to come:

https://www.google.com/search?sxsrf=...bartha+weather

... add to that the rising Kiwifruit prices and we should sit nice and fluffy ;

[Biscuit]

... add to that the rising Kiwifruit prices and we should sit nice and fluffy ;

Just bought a little nibble of SEK. Seems to me there could be a growth story from here for a company that is positioned to take advantage of predicted industry growth.

[BlackPeter]

... ah yes, forgot - somebody on this thread asked previously about water rights for irrigation. Here is an interesting summary about Seekas Australian operation:

https://www.freshplaza.com/article/2...-in-australia/

Goulburn storages (including Lake Eildon which is their main source for irrigation at 41%) still between 36 and 98% full. Should be sufficient through to harvest time (which starts in February), particularly given the rain.

https://www.g-mwater.com.au/water-re...storage-levels

[Onion]

Goulburn storages (including Lake Eildon which is their main source for irrigation at 41%) still between 36 and 98% full. Should be sufficient through to harvest time (which starts in February), particularly given the rain.

https://www.g-mwater.com.au/water-re...storage-levels

"Bonnie Doon", the Kerrigan's holiday house from the movie "The Castle" is on the shores of Lake Eildon.

https://www.bonniedoon.net/home/sigh.../13-the-castle

The little guy, being the Kerrigan family who had a holiday house in Bonnie Doon and came regularly to enjoy the serenity and the power lines which span Lake Eildon.

[iceman]

I've also re-entered the SH register Peat, after 18 month of absence. Feel this is now looking good a again with a good harvest expected this autumn and the uncomfortably high leverage well attended to by selling lots of orchards in Northland. Australia still needs lots of work to make it as good as it should be but I'm now again content enough to take a modest holding.