https://www.metservice.com/rural/reg...e/past-weather
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Less than 2 years....
https://www.nzx.com/announcements/415519
I nibbled at $2:45 on Friday, not that many but seemed like price point to add given the chart shape.
Lo and behold someone else thought so too up 8% at close. My purchase has a long term view obviously but its nice to find a price support level.
Attachment 14723
Result tomorrow, company has nothing to say. Share price has nothing to write home about.
Looking forward to reading result tomorrow, until then hands in pockets.
DISC holding :scared:
https://www.nzx.com/announcements/416865
Listed New Zealand produce company Seeka, reports its unaudited interim results for the six months ended 30 June 2023.
- $212.7m Revenue – down 14% on six months to June 2022 previous corresponding period (pcp)
- $36.4m EBITDA – down 26% on pcp
- $13.6m NPBT – down 55% on pcp
no div's till debt convenants met ... when's that ?
Analysts seem to think in FY 2025, but hey - Seekas outlook for 2024 sounds sort of promising as well.
A lean company well prepared for the next boom cycle in an essential industry - starts to look interesting for contrarian investors while it is cheap. NTA: $6.01 per share ...
Anybody else might just wait until FOMO is driving them to buy the stock when its dear again.
Interim report says "Seeka has implemented a captive insurance structure which places more cover directly to the international markets to help contain the ongoing increases in insurance costs", which interested me because I work in insurance but didnt know what that meant. Apparently its when you create a subsidiary insurance company to take on your risk. Effectively self insuring .... so reducing regular outgoings but having more risk.
I've always said "horticulture is risky" but one would think insurance (not self-insurance) would help to make it less so. So I do wonder about this strategy. But then their insurance is probably very expensive and its often difficult to recover losses under claims. I have faith in the management so expect they know what they're doing.
A loss in the full year though :mellow:
i missed the virtual online meeting ... anyone tune in? must not have been good ? share price under pressure
I forgot too until about 2.40 and then couldn't connect. May have been over by then.