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/skellerup-s-david-mair-on-leading-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/skellerup-s-david-mair-on-leading-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.

[sb9]

Added a few today, the low NZD gotta benefit these guys over next few years. See how it goes.

[sb9]

Big buy up at close to finish the week on 4.55, interesting.

[sb9]

One of very few to finish in green today, up a Cent. Someone big is in accumulation mode and happy to pay up a bit.

Results on 15th, Wed week, may test 5 handle depending on results, divvy payout and outlook.

[nztx]

One of very few to finish in green today, up a Cent. Someone big is in accumulation mode and happy to pay up a bit.

Results on 15th, Wed week, may test 5 handle depending on results, divvy payout and outlook.


Cushing liked this one a while back .. Are his family interests still in here ?

[sb9]

Cushing liked this one a while back .. Are his family interests still in here ?

I believe so, don’t hv further insight on this. Someone more knowledgeable may be able to shed some light.

[percy]

Cushings are No.5 largest shareholders.

Total Number of Shares:196071582 Extensive Shareholding:Yes
Shareholders in Allocation:
Allocation 1:27179396 shares (13.86%)

FORSYTH BARR CUSTODIANS LIMITED
Forsyth Barr Limited, 35 The Octagon, Dunedin Central, Dunedin, 9016 , New Zealand
Allocation 2:14988664 shares (7.64%)

FNZ CUSTODIANS LIMITED
Fnz House, Level 3, 29a Brandon Street, Wellington, 6011 , New Zealand
Allocation 3:9705339 shares (4.95%)

CUSTODIAL SERVICES LIMITED
158 Cameron Road, Tauranga, 3110 , New Zealand
Allocation 4:8655737 shares (4.41%)

BNP PARIBAS NOMINEES (NZ) LIMITED
Bell Gully, Deloitte Centre, Level 5, 1 Queen Street, Auckland, 1010 , New Zealand
Allocation 5:8366169 shares (4.27%)

H & G LIMITED
Rural Equities Ltd, 127 Queen Street, Hastings, Hastings, 4122 , New Zealand
Allocation 6:7969512 shares (4.06%)

ACCIDENT COMPENSATION CORPORATION
110 Featherston Street, Wellington, Wellington, 6140 , New Zealand
Allocation 7:4547257 shares (2.32%)

New Zealand Depository Nominee Limited
Nzx Centre, 11 Cable Street, Wellington Central, Wellington, 6011 , New Zealand
Allocation 8:3647426 shares (1.86%)

HSBC NOMINEES (NEW ZEALAND) LIMITED
188 Quay Street, Auckland Central, Auckland, 1010 , New Zealand
Allocation 9:3600000 shares (1.84%)

David William MAIR
79 St Andrews Road, Epsom, Auckland, 1023 , New Zealand
Director: Yes
Allocation 10:3052304 shares (1.56%)

TEA CUSTODIANS (MTF) LIMITED
Trustees Executors Limited, Level 9, Spark Central, Boulcott Tower, 42-52 Willis Street, Wellington, 6011 , New Zealand
Historic data for shareholders