starting to poke its head up now Leemsip! up towards your $4 maybe
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Harbour have been buying a few more for a BNZ fund they manage.
https://api.nzx.com/public/announcem...693-420637.pdf
$3.60 now is pretty decent. I think $4:50 is the target, so still got 25% to go.... will take a few good reports for this to happen.
https://www.nzx.com/announcements/432780
Bostock now all settled.
Think you are right there, one to hold.
SCL reports today. Guidance by the company 6 months ago was for NPAT to shareholders of $30-35m (I think).
Im hoping for:
- EBITDA of $92m, with horticulture bouncing back post cyclone to $40m, proteins $55m and growing and a meagre $4m from logistics.
- NPAT of $57m all up and NPAT to shareholders of $35m-$40m ($40m would be a P/E of 13 on the current market cap),
- Signals for growth across horticulture and proteins.
This might be a stretch as the orchards were munted only 18 months ago, so hort might be down more. Might be assets writeoffs due to this (which I will conveniently exclude from my analysis).
Bit bored of waiting for this to come right, so SCL better deliver today..... $35-$40m will be a win and justify my patience, anything less represents unfulfilled potential and floods of tears from yours truly.....
https://www.nzx.com/announcements/436965
Highlights – 6 months to 30 June 2024 (1H24)
• Underlying NPAT Attributable to Shareholders of $28.5 million (1H23: $14.5 million), up 97%
• Reported NPAT of $38.1 million (1H23: $14.3 million), up 167%
• Horticulture returning towards pre-Cyclone performance levels
• Global Proteins’ performance consistent with 1H23
• Logistics benefiting from higher volumes
• Execution of strategic growth transactions in both Horticulture and Global Proteins
Someone pass the tissues to Leemsip
re-affirmed guidance at $30-$35m. Midpoint of this will give a p/e of 15ish.
Forgot these guys are on a calendar year.... so no final result yet....
but yes a little underwhelming. They always allude to promising growth in proteins and hort.... doesnt quite play out on the timescale I want.... grrr.
Anyway I will continue to perservere with this... faaark
needless to say in January I will post the same thing, hoping for 35-40m etc etc..... they will hit $32.5, I will grumble, get a 1c dividend and keep holding.... buy and hold they told me, buffet said time in the market, not timing the market.... they said it would be easy......
They used to be a consistent under forecast overdeliver sort, but that was some years ago now..