Seeka

[sb9]

Very tough result for s/holders. Not a great outlook with no dividend and trying times for the industry.

[Sideshow Bob]

Looks like reasonable first half of the year, but much of their earnings look to be washed away in the 2nd half, of which already 1.5months into.

[bull....]

no div will disappoint s/h
conserve cash when business is entering a very challenging period ahead is sensible

[winner69]

Looks like reasonable first half of the year, but much of their earnings look to be washed away in the 2nd half, of which already 1.5months into.

Half year NPBT $30.1m down $0,7m on last year

Full year NPBT guidance say $10.0m so second half loss $20.1m (last year second half NPBT was loss $7.3m)

Huge difference - things must be really really bad or have I got wrong numbers

They used word 'dynamic' in outlook - sure is dynamic

[BlackPeter]

Half year NPBT $30.1m down $0,7m on last year

Full year NPBT guidance say $10.0m so second half loss $20.1m (last year second half NPBT was loss $7.3m)

Huge difference - things must be really really bad or have I got wrong numbers

They used word 'dynamic' in outlook - sure is dynamic

Didn't they get last year $7m or so as compensation for the DOC / government botch up with this kiwifruit disease, reducing obviously last years second half loss?

Not really a regular payment, i.e. you should deduct that from last years earnings ...

Other thing is - they did grow (bought some more companies), but the harvest (this year) didn't - I suspect higher overhead not covered by a higher throughput.

Anyway - just listening into the webinar ... and it appears they do have their costs and processes under control. You recognise a good management team how it gets through difficult times. These are difficult times and it is a good management team.

[bull....]

Half year NPBT $30.1m down $0,7m on last year

Full year NPBT guidance say $10.0m so second half loss $20.1m (last year second half NPBT was loss $7.3m)

Huge difference - things must be really really bad or have I got wrong numbers

They used word 'dynamic' in outlook - sure is dynamic

dynamic indeed , fruit disease issue probably why he used dynamic ? cause who knows how this will effect crops next yr might be worse ?

[winner69]

Didn't they get last year $7m or so as compensation for the DOC / government botch up with this kiwifruit disease, reducing obviously last years second half loss?

Not really a regular payment, i.e. you should deduct that from last years earnings ...

Other thing is - they did grow (bought some more companies), but the harvest (this year) didn't - I suspect higher overhead not covered by a higher throughput.

Anyway - just listening into the webinar ... and it appears they do have their costs and processes under control. You recognise a good management team how it gets through difficult times. These are difficult times and it is a good management team.

You are so right BP - $7.6m received in H221

So allowing for that H222 NLBT expected to be $20m v $15m last year

You are being very complimentary towards management - must be a shareholder

[BlackPeter]

You are so right BP - $7.6m received in H221

You are being very complimentary towards management - must be a shareholder

Praise where praise is due ... at least these guys are earning their keep. No point in praising management just when the sun shines anybody can bask in the sun.

But yes, I am holding. Good company, difficult times.

[winner69]

How much has the recent acquisitions contributed to results or is too early to tell

[iceman]

Praise where praise is due ... at least these guys are earning their keep. No point in praising management just when the sun shines anybody can bask in the sun.

But yes, I am holding. Good company, difficult times.

Totally agree