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Member
 Originally Posted by FarmerHamilton
GDT Auction tomorrow night at GMT1200. Next one 2nd August ... then calving will begin and the 13/14 season will be off and away!
Dairy payout lift tipped as world prices up 4.9pc (+graphic)
By Jamie Gray 9:00 AM Wednesday Jul 17, 2013
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 A higher dairy payout is being tipped after a big increase in world dairy prices in the latest overnight auction. Photo / NZ Herald
Dairy farmers could be looking at another record year for profit in 2013-14 after a 4.9 per cent rise in GlobalDairyTrade prices was recorded at the overnight auction, banks said.
Prices for whole milk powder - the most important line for New Zealand producers - were up by 7.7 per cent from the last auction at US$5,058 a tonne.
ANZ Bank said prices gained as buyers scrambled to refill their inventory after last summer's drought and a seasonal low in New Zealand supply, which would put upward pressure on Fonterra's $7 per kg of milksolids milk price payout forecast for this season.
"The lower New Zealand dollar and higher-than-expected prices will raise the prospects of Fonterra lifting their initial May forecast of a $7 per kg milk price for 2013-14," ANZ said in a commentary.
Article continues below "If mother nature plays nicely and farmers remain disciplined with their expenditure, then this could deliver a new record for profit in 2013-14," the bank said.
The Bank of New Zealand said the auction was "a very positive result" given the already high level of prices. "Restricted offshore dairy supply remains a key driver," BNZ said in a commentary."The upshot is there is now clear upside risk on Fonterra's current season milk price payout," the bank said.See full results from the auction here.This morning's GDT dairy auction gave the New Zealand dollar a lift, with the currency last trading at US78.95c from US78.28c in late local trading on Tuesday.
Farmer Hamilton says "A fantastic auction to kick off the season with , great news for Synlait Farms investors and will boost sentiment on the first day of the Synlait Milk float next Tuesday".
But the Kiwi remains well down from this year's peak of US86.75c in April and its record post float high of US88.43c in August 2011.Rabobank, in its latest quarterly rural confidence survey released earlier this week, said the sharp drop in the value of the New Zealand dollar and a swift end to last summer's drought had significantly improved the outlook for farmers.
- APNZ
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Member
Recent newsflow probably justifies the jump in shares of SNLF ... the large buyers back at $1.10 and $1.00 will probably need a combination of several distasterous auctions , a major weather event in Canterbury over the next few weeks , and a Kiwi $ off to the races again and into the mid 0.80's to induce sellers to come into the market and sell back down to $1.
Highly unlikely I would have thought ...
Disc: hold SNLF
Last edited by FarmerHamilton; 17-07-2013 at 09:46 AM.
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Member
Originally Posted by FarmerHamilton
Recent newsflow probably justifies the jump in shares of SNLF ... the large buyers back at $1.10 and $1.00 will probably need a combination of several distasterous auctions , a major weather event in Canterbury over the next few weeks , and a Kiwi $ off to the races again and into the mid 0.80's to induce sellers to come into the market and sell back down to $1.
Highly unlikely I would have thought ...
Disc: hold SNLF
Even more unlikely now ... Record high on Synlait Farms as $1.35 trades with stock up 35% in July !!
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Member
Originally Posted by FarmerHamilton
Even more unlikely now ... Record high on Synlait Farms as $1.35 trades with stock up 35% in July !!
Have you ordered your Lamborghinis or do you have them already?
http://www.nzherald.co.nz/business/n...ectid=10899709
Discl hold Synlait Milk and PGW but no Lamborghini (yet).
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Member
Originally Posted by 1leon
Sorry mean't Synlait Farms and PGW-also REL.
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Originally Posted by 1leon
Mr Lamborghini was actually a tractor maker.
Lamborghini's wealth allowed him to cultivate a childhood interest in cars, owning a number of luxury automobiles including Alfa Romeos, Lancias, Maseratis, and a Mercedes-Benz.[20] He purchased his first Ferrari, a 250GT, in 1958, and went on to own several more. Lamborghini was fond of the Ferraris, but considered them too noisy and rough to be proper road cars, likening them to repurposed track cars.[20] When Lamborghini discovered that the clutch on his Ferrari was broken, and actually was the same clutch that he used on his tractors, Lamborghini went to Ferrari and asked for a better replacement. Ferrari responded, saying that he was just a tractor maker, and could not know anything about sports cars. (source - Wikipedia)
[ATTACH=CONFIG]http://uncrate.com/p/2010/10/lamborghini-tractors-xl.jpg[/ATTACH]
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Member
Originally Posted by CJ
Mr Lamborghini was actually a tractor maker.
Lamborghini's wealth allowed him to cultivate a childhood interest in cars, owning a number of luxury automobiles including Alfa Romeos, Lancias, Maseratis, and a Mercedes-Benz.[20] He purchased his first Ferrari, a 250GT, in 1958, and went on to own several more. Lamborghini was fond of the Ferraris, but considered them too noisy and rough to be proper road cars, likening them to repurposed track cars.[20] When Lamborghini discovered that the clutch on his Ferrari was broken, and actually was the same clutch that he used on his tractors, Lamborghini went to Ferrari and asked for a better replacement. Ferrari responded, saying that he was just a tractor maker, and could not know anything about sports cars. (source - Wikipedia)
[ATTACH=CONFIG]http://uncrate.com/p/2010/10/lamborghini-tractors-xl.jpg[/ATTACH]
Happy with my 2006 diesel Range Rover Sport ... beautiful car !!
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Member
Results will be out soon , May31 balance date so we are 75 days past that. Expecting big uplift in NAV from talking to real estate brokers who specialize in dairy farms ... maybe 20/25c increase in NAV on land + reval on 15,000 cows ... could be huge !!
Disc: hold 155,000 SNLF
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Member
Originally Posted by FarmerHamilton
Results will be out soon , May31 balance date so we are 75 days past that. Expecting big uplift in NAV from talking to real estate brokers who specialize in dairy farms ... maybe 20/25c increase in NAV on land + reval on 15,000 cows ... could be huge !!
Disc: hold 155,000 SNLF
2013 annual review out ... Production flat , $600,000 loss .
Reval on assets takes NAV up a whopping 30% to almost $2/share
Spring weather has been kind and a forecast of $7.50 payout 2013/14 could be a record breaking year for the company.
Disc ; hold 155,000 SNLF
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