Seeka

[couta1]

Nope. A none issue. FIRST Union are barking up the wrong tree and represent very few workers. SEK will just ignore them.

He wouldn't know that, just spends all his time finding anything negative on any company and slaps it up without thinking, pure trolling.

[bull....]

He wouldn't know that, just spends all his time finding anything negative on any company and slaps it up without thinking, pure trolling.

its just news headline out there today for anyone interested on whats going on ... trolling lol think your trolling me if anything

[Sideshow Bob]

Seeka provides New Zealand kiwifruit harvest update - NZX, New Zealand’s Exchange

Whilst kiwifruit harvest is still ongoing Seeka advises crop volumes expected to be down

Seeka Limited [NZX:SEK] provides the market with this mid-season New Zealand kiwifruit harvest update.

The SunGold harvest in New Zealand is completed and the Hayward harvest is an estimated 38% completed.

The total New Zealand SunGold kiwifruit crop is estimated to be 103.3m trays, a reduction of 9.7% on prior forecast industry volumes, New Zealand wide. Seeka’s SunGold volume reflects this seasonal variation with a total volume packed of 26.0m trays. While the current years volume is ahead of the 17.9m packed in 2021, it is behind the current year estimate by 8.2%.

The total New Zealand estimated Hayward kiwifruit crop has been reduced by 4.7% to 65.1m trays, noting that there is still approximately 62% of the fruit unharvested and a continuing risk of further reduction. Seeka has to date packed 5.6m trays and is entering the main pack phase of the Hayward harvest.

Seeka advises that it is too early to provide current year earnings guidance and expects to do so once Hayward harvest and packing is complete. The 2022 season is proving to be a challenging one for the company with lower crop volumes and a tight labour market exacerbated by Covid 19 disruption.

Release ends.

[bull....]

Seeka provides New Zealand kiwifruit harvest update - NZX, New Zealand’s Exchange

Whilst kiwifruit harvest is still ongoing Seeka advises crop volumes expected to be down

Seeka Limited [NZX:SEK] provides the market with this mid-season New Zealand kiwifruit harvest update.

The SunGold harvest in New Zealand is completed and the Hayward harvest is an estimated 38% completed.

The total New Zealand SunGold kiwifruit crop is estimated to be 103.3m trays, a reduction of 9.7% on prior forecast industry volumes, New Zealand wide. Seeka’s SunGold volume reflects this seasonal variation with a total volume packed of 26.0m trays. While the current years volume is ahead of the 17.9m packed in 2021, it is behind the current year estimate by 8.2%.

The total New Zealand estimated Hayward kiwifruit crop has been reduced by 4.7% to 65.1m trays, noting that there is still approximately 62% of the fruit unharvested and a continuing risk of further reduction. Seeka has to date packed 5.6m trays and is entering the main pack phase of the Hayward harvest.

Seeka advises that it is too early to provide current year earnings guidance and expects to do so once Hayward harvest and packing is complete. The 2022 season is proving to be a challenging one for the company with lower crop volumes and a tight labour market exacerbated by Covid 19 disruption.

Release ends.

sounds like setting the scene for a downgrade

[Sideshow Bob]

sounds like setting the scene for a downgrade

The challenge on labour is nothing new - appears from SH communication Seeka have been handling relatively well and doing everything possible.

Recent acquistions and diversification should help.

[bull....]

The challenge on labour is nothing new - appears from SH communication Seeka have been handling relatively well and doing everything possible.

Recent acquistions and diversification should help.

seeka like any business wont be immune to cost increases across the board

[Mr Slothbear]

seeka like any business wont be immune to cost increases across the board

of course but also one that is a necessity for many and is relatively inelastic compared to most other goods / industries therefore fairly defensive in times of inflation

[Sideshow Bob]

Certainly the market didn't like it yesterday. Has generally been steady around $5.00-5.30, and not really been under $5.00 for over a year.

[DarkHorse]

Looks like best primary producer prospects are on the USX right now: https://file-us.clickdimensions.com/...7-005056b6486e

[bull....]

sounds like setting the scene for a downgrade

the share price has been on a slide recently.
lack of buyers looks like and those pesky grower incentive shares flooding the sell side all the time ?