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Thread: Seeka

  1. #781
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    Anyone got any clues on the change in market sentiment over the last couple of weeks? Share price was stuck in the $5.00 to $5.05 range but has picked up on reasonable volumes to the $5.15 to $5.20 range.

    Price increase coincided with CEO Michael Franks on market purchase of a further 1,000 shares at $5.00 each, but assume there has to be more to it than that. Market depth shows 32,000 shares available between $5.20 and $5.25 - maybe some of the overhung from shares issued to the vendors of the recent acquisitions is starting to dissipate?

    Any intel on how the Kiwifruit harvest is progressing?

  2. #782
    percy
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    Quote Originally Posted by Southern Lad View Post
    Anyone got any clues on the change in market sentiment over the last couple of weeks? Share price was stuck in the $5.00 to $5.05 range but has picked up on reasonable volumes to the $5.15 to $5.20 range.

    Price increase coincided with CEO Michael Franks on market purchase of a further 1,000 shares at $5.00 each, but assume there has to be more to it than that. Market depth shows 32,000 shares available between $5.20 and $5.25 - maybe some of the overhung from shares issued to the vendors of the recent acquisitions is starting to dissipate?

    Any intel on how the Kiwifruit harvest is progressing?
    I think you are right most probably, it was the vendors overhang,although I hear the harvest is going well.
    .

  3. #783
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    I think people are starting to realise that SEK has managed through a very difficult harvesting season very well and most of the risks are falling by the wayside. I think we're in for a bumper result from this season :-)
    Last edited by iceman; 20-04-2022 at 04:13 PM.

  4. #784
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    Quote Originally Posted by iceman View Post
    I think people are starting to realise that SEK has managed through a very difficult harvesting season very well and most of the risks are falling by the wayside. I think we're in for a bumper result from this season :-)
    The annual report was also very encouraging, they have made some strong acquisitions and the 6% dividend is anticipated to rise with increased earnings. One of the few stocks in NZ at present with a clear upward momentum on the MACD.

  5. #785
    percy
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    Very positive agm
    I gained a lot from it.
    Very happy holder.

  6. #786
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    Quote Originally Posted by percy View Post
    Very positive agm
    I gained a lot from it.
    Very happy holder.
    I missed it ....lawns...two houses...yuck.

    So it sounds like they have managed to pick all their Kiwi Fruit and Avo's....right ?
    And Scales presumably managing to pick all their Apples...or enough.
    And I am hearing that the vinyards are having a bumper year with lots of good grape crops.

    So how can this all happen amidst the doom and gloom of a shortage of migrant labour ?
    Maybe Kiwi's are getting our of bed and helping ?
    Maybe automation is helping ?
    Maybe we are using our labour better ?
    I think some of this is called productivity. Maybe a silver lining ?
    FIngers crossed !

  7. #787
    percy
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    Quote Originally Posted by RTM View Post
    I missed it ....lawns...two houses...yuck.

    So it sounds like they have managed to pick all their Kiwi Fruit and Avo's....right ?
    And Scales presumably managing to pick all their Apples...or enough.
    And I am hearing that the vinyards are having a bumper year with lots of good grape crops.

    So how can this all happen amidst the doom and gloom of a shortage of migrant labour ?
    Maybe Kiwi's are getting our of bed and helping ?
    Maybe automation is helping ?
    Maybe we are using our labour better ?
    I think some of this is called productivity. Maybe a silver lining ?
    FIngers crossed !
    Well I think it has been mission impossible.
    Both the Seeka Chairman and the CEO were very clear on how grateful they were to every body.A true community effort.
    Don't think many saw too much of their beds.
    Long stressful hours.

  8. #788
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    Quote Originally Posted by percy View Post
    Well I think it has been mission impossible.
    Both the Seeka Chairman and the CEO were very clear on how grateful they were to every body.A true community effort.
    Don't think many saw too much of their beds.
    Long stressful hours.
    I’m in the wine game and it was a hard work.we are also wayyyy more mechanised than any other primary Hort enterprise. Take my hats off to them as it would of been a grind. Dealing with covid was also a massive headache as we were skinny on staff before we even started.

  9. #789
    ShareTrader Legend bull....'s Avatar
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    things getting hot at seeka

    Kiwifruit Workers At Seeka Call For Secure Wages In New Agreement

    https://www.scoop.co.nz/stories/BU22...-agreement.htm
    one step ahead of the herd

  10. #790
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    Quote Originally Posted by bull.... View Post
    things getting hot at seeka

    Kiwifruit Workers At Seeka Call For Secure Wages In New Agreement

    https://www.scoop.co.nz/stories/BU22...-agreement.htm
    Nope. A none issue. FIRST Union are barking up the wrong tree and represent very few workers. SEK will just ignore them.

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