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11-05-2021, 10:28 AM
#571
My back of envelope calculations give this share at least 25% SP re rate.
Simply Wall St give it @ 23% on outdated info, no PSA payout or OPAC amalgamation factored in.
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11-05-2021, 10:48 AM
#572
yes seems cheap
I bought some more... way overloaded now as a percentage of my diminishing portfolio but look at that revenue projection and look at that NTA and look at that PE and the yield too !!
For clarity, nothing I say is advice....
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11-05-2021, 11:18 AM
#573
tick
tick
tick
tick.
I was going to say like a smooth Swiss watch, but they are pretty quiet.
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13-05-2021, 03:46 PM
#574
Member
paywalled article in Nz herald today
"NZ kiwifruit season off to cracking start with record crop likely, the biggest shipment ever sent to Europe......"
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13-05-2021, 04:49 PM
#575
Positive news in that article.
Good to have over a third of the crop already dispatched to international destinations, so soon after picking.
Well done to Zespri, on behalf of Seeka, especially in light of other companies facing shipping issues.
Seems like Zespri have the other 2 thirds well catered for as well, and for a record crop.
19% revenue increase forecast for Seeka.
In spite of this, a large volume of shares has traded today, easing the SP back.
An opportunity for bargain Seeka's?
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13-05-2021, 09:38 PM
#576
Member
Fruit this year is extremely soft, lots of growers not meeting dry matter requirements for Zespri and a large repack season ahead of us.
This is going to be a pretty tough year for kiwifruit packhouses. 10-15% increases in wages across the board too
I’m hanging out for a less than favourable result for March 2022 financials at this stage
Last edited by epower; 13-05-2021 at 10:18 PM.
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14-05-2021, 10:29 AM
#577
Originally Posted by epower
Fruit this year is extremely soft, lots of growers not meeting dry matter requirements for Zespri and a large repack season ahead of us.
This is going to be a pretty tough year for kiwifruit packhouses. 10-15% increases in wages across the board too
I’m hanging out for a less than favourable result for March 2022 financials at this stage
i sold mine recently , had heard of the higher costs also
one step ahead of the herd
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14-05-2021, 10:32 AM
#578
Thanks for sharing that info.
I would assume the wage increases are being passed on in the sales.
SEK packs 2.5 times more than it produces, for other growers, so if repacking is due to poorer quality, wouldn't that be passed onto those growers, leading to more profit opportunity for SEK?
Thanks in anticipation of a reply.
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14-05-2021, 10:40 AM
#579
Originally Posted by Getty
Thanks for sharing that info.
I would assume the wage increases are being passed on in the sales.
SEK packs 2.5 times more than it produces, for other growers, so if repacking is due to poorer quality, wouldn't that be passed onto those growers, leading to more profit opportunity for SEK?
Thanks in anticipation of a reply.
yea sek makes some money but depends on the grower pool rules which growers ultimately wears all the cost. also when was the fruit soft before picking or after? before pick sek would lose out as less thru put thru packhouse
Last edited by bull....; 14-05-2021 at 11:00 AM.
one step ahead of the herd
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14-05-2021, 11:48 AM
#580
My understanding with regard to contract packing is that the moment the packhouse forklifts the fruitbins off the back of the truck, they are making money.
Even if say 20% more was rejected in the sorting process to juice, than previous seasons, the packhouse has still done a chargeable job.
That may mean that less full tray stacking/ packing can be charged for compared to previous seasons, but with a record crop coming in, one would offset the other.
The offset would also work for any grower who is sending in more fruit than normal.
While the "packout" is lower, the volume compensates.
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