From FNArena: (UBS is the only broker quoted on FNArena that covers SHV.)
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET UBS
22/03/2023
1
Buy
$4.90
24.05%
- COMMENTARY
The nonpareil almond crop, which constitutes around 50% of Select Harvests' overall crop, has been impacted by a poor bloom period and wet growing conditions in 2022, explains UBS.
As a result of these woes, management has cut its volume forecast to -25-35% below the consensus expectation.
The broker conservatively assumes the balance of the crop (pollinator varieties) will suffer a similar volume impact and lowers its target to $4.90 from $5.05.
Management noted improving prices and is expecting $7.25-7.70/kg for FY23, above the $6.80 received in FY22. Buy.
FORECAST
UBS forecasts a full yearFY22dividend of0.00cents and EPS ofminus -43.00cents.
UBS forecasts a full yearFY23EPS of19.00cents.
Some-one with better skills at analysis might be able to find a pattern in the price chart below. There may be a relationship with the estimated or actual crop size - certainly not the weather, nor the asset backing. Much of it looks to be random or in other words market sentiment. Which is basically what UBS's target price is: guesswork, possibly educated, but more likely just a reversion to near the 20-year average.
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- Ann: Business Update
SHV
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Ann: Business Update, page-10
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Last
$3.92 |
Change
-0.040(1.01%) |
Mkt cap ! $554.2M |
Open | High | Low | Value | Volume |
$3.96 | $3.97 | $3.89 | $558.5K | 141.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 651 | $3.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.92 | 1180 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1184 | 3.920 |
7 | 2113 | 3.910 |
10 | 3059 | 3.900 |
6 | 5556 | 3.890 |
7 | 2899 | 3.880 |
Price($) | Vol. | No. |
---|---|---|
3.930 | 321 | 2 |
3.940 | 2135 | 7 |
3.950 | 3131 | 8 |
3.960 | 6014 | 6 |
3.970 | 1721 | 5 |
Last trade - 14.11pm 10/07/2025 (20 minute delay) ? |
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SHV (ASX) Chart |