Director buying
http://www.stocknessmonster.com/news...S=SKL&N=267261
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Director buying
http://www.stocknessmonster.com/news...S=SKL&N=267261
The currency should be helping this exporting company in FY2016. The problem is two of their biggest selling consumable lines, the rubber attachments used in milking cows and the slurry handling rubber couplings used in iron ore extraction, have customers facing severe headwinds. These headwinds are likely to delay the aforementioned purchases rather than stopping them. But it does mean the first half of financial year coming up could be soft.
There are other good things happening in Europe. Maserati sales exceeded 35,000 in 2014 and are on target to exceed 50,000 in 2015. Skellerup supplies all the driveline couplings for those through their Italian factory. Even better Alfa Romeo are using a modified version of the mid size Maserati platform as the basis for their new rear wheel drive BMW challenging saloon. If that takes off we could see Skellerup driveline coupling sales increase by a factor of 5. What would that do the bottom line in coming years?
SNOOPY
Snoopy.
Raw materials will be costing more.
Imported goods such as gumboots will be costing them more.
Of concern is SKL share price weakness while other exporters' share price has gone up ,including SCT .
He is not buying personally. His non-beneficial interest rose from 1,946,444 to 1,996,444 while his "other relative interest" (i.e. his personal and beneficial interest) remained at 2,527,506. Its interesting that SKL's story is not compelling enough to use his own money ...
I also agree with Snoopy, the weakening of the NZD will probably be offset by the downturn in dairy and iron ore production in the short term. In 2014 North America counted for 24% of revenue while NZ/AUS counted for 49%.