well Canaccord have downgraded their recommendation from buy to hold, so they probably wouldn't. But then they've also cut their price forecast to 7% above spot and are using a very generous 8.5% discount rate.
I know that given your posting history on SHV, there's almost no news you would view as negative - however, as my charts show there has been a divergence between the almond price and SHV - and I think it has been driven by uninformed players buying SHV thinking 'it's fallen a long way so it must be cheap'.
But SHV isn't cheap, it's >20% expensive relative to the almond price. Not only that, but as canaccord point out there are multiple reasons why the almond price will continue to trend down.
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SHV
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4.59%
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$3.74

SHV vs Almond Price + a downgrade, page-7
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Last
$3.74 |
Change
-0.180(4.59%) |
Mkt cap ! $531.4M |
Open | High | Low | Value | Volume |
$3.93 | $3.93 | $3.74 | $1.935M | 511.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2630 | $3.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.76 | 866 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 630 | 3.730 |
1 | 2674 | 3.720 |
1 | 1000 | 3.710 |
3 | 6460 | 3.700 |
1 | 2732 | 3.660 |
Price($) | Vol. | No. |
---|---|---|
3.760 | 866 | 1 |
3.780 | 2006 | 1 |
3.790 | 2620 | 1 |
3.860 | 1000 | 1 |
3.870 | 15513 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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SHV (ASX) Chart |