Skellerup (SKL) Fundamentals

[winner69]

Last year FY23 profit $50.9m

They say Skellerup expects FY24 NPAT to be similar to prior year

But they did say a few months ago it would be between $50m and $55m

Hope market doesn’t see latest outlook as a profit downgrade

[Goob]

Wow, very impressed by Mair in this podcast interview. Interesting comments on succession. Thinks there's up to five youngsters 34-39 years old that are good enough to run the business today.

https://omny.fm/shows/shared-lunch/s...ing-and-legacy

[Ricky-bobby]

What a legend and so glad he is staying on the board. Would love to have a beer with him

[Muse]

Wow, very impressed by Mair in this podcast interview. Interesting comments on succession. Thinks there's up to five youngsters 34-39 years old that are good enough to run the business today.

https://omny.fm/shows/shared-lunch/s...ing-and-legacy

superb interview. fantastic company. and in the low $4 dollars / share, increasingly attractive value.

[Sideshow Bob]

In a downward trend - closed at $3.53 on Friday, but traded at a low of $3.35 - lowest level since end of 2020.

Full year NPAT forecast to be similar to last year (no further update since HY 15/2).

Dairy prices forecast to start the season stronger.

Change in the skipper, but past skipper still on the board.

[kiwikeith]

In a downward trend - closed at $3.53 on Friday, but traded at a low of $3.35 - lowest level since end of 2020.

Full year NPAT forecast to be similar to last year (no further update since HY 15/2).

Dairy prices forecast to start the season stronger.

Change in the skipper, but past skipper still on the board.

SKL is a quality company and I have been a very happy shareholder for a long time. The market capitalisation of $700m and a forecast net profit after tax of $50m puts SKL on a PE ratio of 14. That could be considered good value for a quality company but is not 'back up the truck' bargain basement levels.

[winner69]

BP posted this back in November last year about my chart that showed SKL PE had hit 30 (share price about $6.40) and was starting to how signs of falling

Updated chart below ....Share price today about $5 and PE 21 (on forecast earnings)

So profits increasing .... PE shrinking ..... not good for shareholders

If he PE today was by some chance the average pre-2020 of 15 the share price would be $3.60

From June 22 …might update chart

[Sideshow Bob]

SKL is a quality company and I have been a very happy shareholder for a long time. The market capitalisation of $700m and a forecast net profit after tax of $50m puts SKL on a PE ratio of 14. That could be considered good value for a quality company but is not 'back up the truck' bargain basement levels.

Not a shareholder but on the radar.

That is my feel - solid well-run company, reasonable PE, not much debt but not at a fill-your-boots level.

But what is one of those TA mantra's "don't buy in a downward trend'?? Down 28% YTD.

[Sideshow Bob]

From June 22 …might update chart

Yeah its come back down into that 'usual' range around 14.