Directors buying
https://www.nzx.com/announcements/407618
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Directors buying
https://www.nzx.com/announcements/407618
Im buying....
Couple of huge one offs for this company. COVID had a huge impact on prices received and cost (transport etc) paid. Cyclone damage going to hurt for a few years.
Happy to buy and hold this one and wait for better times.
hitting new low's
the apple situation must be worse than feared :scared:
If I was happy buying at $3.40 I must love it at $2.80 amirite?
Re-listened to the earnings and cyclone update call. Company seems pretty chill about the cyclone damage to 1/3 of their orchards. They noted the trees arent insured, so may have to replant 300 odd hectares. Petfood stuff going gang busters and anticipate growing revenue in the future.
Gives me a lot of confidence.
Still falling though and Im down 20%
Hard to analyse prospects for the orchards as their hasnt been another update.
Any thoughts?
Hey mate, I was up in HB last week and the apple orchards were really affected. A lot of apple land is low lying. Not sure about contamination as well… if they have to replant it would take around 5-6 years to get to full production, but hopefully they don’t have to do a lot of this… just the hit of a missed crop this year + clean up costs. the pet food side of their business is def a big plus! They are also a smart and highly regarded board, they will come through this!