Hi all
I have bought into SHV yesterday and today for the following reasons
1. Global almond consumption over a medium term profile will continue to increase, specifically out of China
2. Even if we assume a 30%-40% decline in earnings ( much worse than anyone anticipates) its still trades at a sub 10 PE
3. asset backing per share is strong, which creates another buffer
4. AUD will come off when Australian economy hits the skids, which in my view will happen sooner than later
5. Low gearing and string cash flow allows for significant operational flexibility
6 The food business alone is worth 130m-150m based in current and projected earnings
I am here with an expectation of 40-50% upside, I am not expecting it to go back to $13 any time soon but 6.00 -6.50 very possible, especially if Californian production isn't a stand out which looks to be the case
15k shares and will increase if SP weakens
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Last
$4.18 |
Change
-0.030(0.71%) |
Mkt cap ! $506.0M |
Open | High | Low | Value | Volume |
$4.21 | $4.21 | $4.13 | $496.2K | 119.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 147 | $4.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.18 | 1225 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 147 | 4.160 |
1 | 147 | 4.150 |
1 | 147 | 4.140 |
1 | 147 | 4.130 |
1 | 148 | 4.120 |
Price($) | Vol. | No. |
---|---|---|
4.200 | 2950 | 1 |
4.210 | 7760 | 2 |
4.220 | 147 | 1 |
4.230 | 147 | 1 |
4.240 | 149 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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SHV (ASX) Chart |