Does this take into account emissions trading costs? If I remember rightly the cost is $25 per 2 tonnes of CO2. And that's likely to get more expensive over the coming years as opposed to cheaper.
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Does this take into account emissions trading costs? If I remember rightly the cost is $25 per 2 tonnes of CO2. And that's likely to get more expensive over the coming years as opposed to cheaper.
A good earner for which ever power company that supplies the power for it.
Hope it is either GNE or MEL.
GS
Positive IMF trends continue from Lyttelton in Feb-19
Consistent with GS view for a stronger 2H in consumer packaged volume for SM1.AX - we forecast a 59% 2H volume skew.
This post has the volumes and the port was going gangbusters Year on Year but somehow SML didnt seem to profit well
https://www.sharetrader.co.nz/showth...imited/page846
You are correct the miss was suggested because of lower 1H19 consumer packaged finished IF volumes, and lower than expected gross margins in SM1’s powders and creams. However, GS see both of these areas of weakness as resulting from variations in timing in SM1’s sales volumes resulting from orders from its key customers, particularly A2M
Lyttelton numbers are more an indication of overall trends, rather than a proxy for forecasts. However, GS see the overall trend as provided by today’s export data as largely supportive of their forecasts for SM1 and A2M. By export market, the greatest increase was in export volumes to China, which totaled 1.5k MT, +215% vs Jan-19
Probably have a summary of full report somewhere tomorrow.