View Full Version : Skellerup (SKL) Fundamentals
winner69
15-02-2024, 09:21 AM
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
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/skellerup-s-david-mair-on-leading-and-legacy
Ricky-bobby
21-03-2024, 08:39 PM
What a legend and so glad he is staying on the board. Would love to have a beer with him
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/skellerup-s-david-mair-on-leading-and-legacy
superb interview. fantastic company. and in the low $4 dollars / share, increasingly attractive value.
Sideshow Bob
02-06-2024, 10:39 AM
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
02-06-2024, 10:54 AM
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
02-06-2024, 11:04 AM
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
02-06-2024, 11:08 AM
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
02-06-2024, 11:09 AM
From June 22 …might update chart
Yeah its come back down into that 'usual' range around 14.
Added a few today, the low NZD gotta benefit these guys over next few years. See how it goes.
Big buy up at close to finish the week on 4.55, interesting.
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