Yes...another pleasing result. Its interesting....for all the bleating about labour shortages etc etc....the Kiwifruit and apples seem to be getting picked, the cows are milked etc etc.
3.5% of our portfolio.
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Yes...another pleasing result. Its interesting....for all the bleating about labour shortages etc etc....the Kiwifruit and apples seem to be getting picked, the cows are milked etc etc.
3.5% of our portfolio.
reported NTA of $5.44 as well...
What a pretty picture:
Attachment 12851
But wait, there is more:
I take that that 2022 will have potential (obviously, weather permitting - this is agriculture) to trump even a great 2021 ...Quote:
The company delivered on its strategy to improve earnings while delivering operational excellence, registering multiple highlights across the business in the six months to June. This included the purchase of Ōpōtiki Packing and Cool Storage Limited (OPAC) on 4 May, and in July announced a minority stake in the high-tech orchard-focussed start up Fruitometry. As OPAC was purchased mid-season and had already earned 85% of its full-year EBITDA prior to takeover, Seeka will incur the operating overheads for the remainder of 2021. From next year, these earnings will be recorded in Seeka’s Group f inancial statements. The business is now integrated, operating and cost structures reset, and synergy savings are on target. Acquisition and restructuring costs are included in this interim result.
A great result indeed. Well done SEK
seller depth looks very slim; reckon this is only going to go one way for awhile!
Interesting to note what causes SP fluctuations.
In 2017, an updated announcement of estimated NETT Profit AFTER tax of $7.8M, led to a SP of $7.10
Today, an ann. of estimated NP Before Tax of $20/22M.
Where will that take the SP?, considering more efficiencies and synergy than 2017.
Worthwhile to compare result to SKL on a pro rata basis as well.
yeh thx for quantifying that - I was thinking that was the case
still happy with eps growth tho eh!?
my biggest holding ;+) tho have tended to overpay but despite the vagaries of horticulture I see this as long term resilient. so I enjoy the fruit of the dividends and accept one year they might not be there coz you know stuff happens.
also happy with the corporate side of the business on top of the pure horticultural side.