Seeka

[bull....]

dividend cancelled.

disappointing but prudent I suppose
Or, ominous?

wow things not good at zespri , good that seeka being mindful of debt rather than payouts. very sensible

[Biscuit]

dividend cancelled.

disappointing but prudent I suppose
Or, ominous?

I'd say prudent rather than ominous, and it is as likely being deferred as being cancelled

[kiwidollabill]

Definately prudent, but I think they will do better this year than the market is predicting

[iceman]

I agree with this very sensible decision. I think many more companies should be doing the same

[IAK]

Hopefully, Seeka will be able to get their fruit to overseas markets as well.
Coronavirus doesn't stop Zespri getting its first kiwifruit shipment away for 2020
http://www.stuff.co.nz/national/heal...id=app-android

[Felonius]

A bit off topic but you know, it depends how you organise yourself. I have known a few people who have lived quite well on the dole back in the day. Things are probably different now (few could save and buy a house on the dole today I suspect). More than a few of my friends in rural areas raising families and living a very nice life style on the dole 20 years ago. Not one of them would dream of picking fruit!

Sorry. Off-topic for a moment.

My pride would not allow me to accept the dole.
Our 3 children have played with the idea during their university semesters and I have successfully discouraged them. The attitude such behavior breeds is not helpful to the recipient long term - (they may of course think they are being clever in accepting free money).

I do accept that under certain circumstances people need to accept the dole.
I am happy to pay my share of tax to help those people.

TAXATION IS THE PRICE OF CIVILISATION.

[peat]

Are they doing a Warehouse?
Probably not by the sounds of it.
https://www.nzx.com/announcements/350656

[kiwidollabill]

Speaking with someone senior in the industry, things box on as usual within significant restrictions (i.e. staff in the packhouse). Early reports out of the market indicate export prices are going to be strong. The hort industry might be the only one to snake in a good year.

[iceman]

Speaking with someone senior in the industry, things box on as usual within significant restrictions (i.e. staff in the packhouse). Early reports out of the market indicate export prices are going to be strong. The hort industry might be the only one to snake in a good year.

Lets hope they get reliable people to do the work normally done by overseas labour. Another industry that will be relatively OK out of this is fishing. SAN should do OK. Sealord offering people affected by COVID and losing jobs in Nelson to contact them for jobs in their Nelson factory for the upcoming Hoki season.

The lower USD/NZD fx rate will be of great help here

[iceman]

A sign of things to come for producers ? https://www.reuters.com/article/us-h...-idUSKBN21D12V