Record payout for Australian Co-Op....
WAMMCO to return record $8.4m bonus to producer members despite ‘tough’ year | Countryman
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Record payout for Australian Co-Op....
WAMMCO to return record $8.4m bonus to producer members despite ‘tough’ year | Countryman
Someone is a cynic….
https://www.ruralnewsgroup.co.nz/rur...ruitful-change
The old Hound has never been a fan of SFF.
SFF have obviously enjoyed a purple patch in terms of profitability - and also benefiting from the lack of long-term debt.
While there might be planning for the next 100 years - who knows what that might bring. Even the next 10 years. Chinese look much more long-term than westerners however.
The profitability and reinvestment in the business has been very much needed. But wWhen start to look at it cumulatively, there has been enormous sums retained within the business. They've made $240m net over the last 3 years - and probably close to $200m of this has been retained in the business.
Every meat company in NZ has made very good/record results the last few years, with market and procurement conditions. As an example, BSM were expected to make around $25m EBITDA for the year ended June - and that is just one smaller plant.
The (unanswered) questions are whether SFF are performing better than the rest or keep performing better, how they will go as/when market conditions change, how well the retained profit that has been kept within the business has been invested, and how well those retained earnings will generate returns.
For that I've got no answer......:confused:
Finally a bit of price movement - in the right direction....
Been sitting at $1.62 since the start of the month. Last trade at $1.65.
Buy side looking very dry......only 39,400 at $1.80.
$1.70 cleaned out and buyer wants another 26k.
Major step in ambition to become coal-free by 2030
Less hot air? (ruralnewsgroup.co.nz)
Half the cost coming from the Government.
System makes transport more efficient | Otago Daily Times Online News (odt.co.nz)
A million kms per year! Even without the less emmissions, still a good news story as probably $4m saved and also stock spending less time on trucks.
A bit more trading turnover on firmer prices in the last few days. Looks like the annual topping up of shares by the suppliers making sure they get their patronage rewards for the year. Not surprising as they are likely to be quite substantial with the great market conditions we've had this year and the current low NZ$.
I'm certainly looking forward to the divie next year :-)
Yes, certainly a bit more activity of late - about double the average weekly turnover. All signs point to another strong result, with the financial year 75% through. Some of the markets are weaker in the short term, but longer term I think still look strong, and solid fundamentals. Dollar will be a tail-wind, especially into the US.
Still holding strong when most other shares are in choppier waters.
The biggest threat (to farming and then the meat/dairy industries) is still the government.
Meanwhile we are happy with our beautifully delicious grass fed meat :t_up:
https://www.bbc.com/news/business-63260645
Someone keen to get out yesterday at $1.50. Had been good volumes traded the last few weeks at $1.60+.
Buy side has dried up for the moment. The 599 at $1.06 might be a stretch too far though.....;)