Ann: June 2021 full year guidance update, page-3

Great.

Previous guidance for 2020-21 at the time of the half yearly report was A$157 million in sales with A$12m NPAT.

Today that's changed in a good way to respectively (approximately) A$162m and A$13.5 million.

This company is extremely difficult to even obtain a small holding in.

I have fewer than 2000 shares purchased since 1 January 2021 in two tranches. There are many days when SNL shares do not trade. I simply could not purchase them all at once as there wasn't a realistic on-market offer.

The good times graingrowers, beef and sheepmeat/wool producers and some in horticulture are enjoying (notwithstanding export difficulties with a lack of supply of TEUs - containers - and increased shipping costs) will be helping SNL, even if my preference is for as much as possible of the bountiful grain harvest handled by GNC and others to go by rail using CBH in WA, One Rail Australia in SA and on the east coast Pacific National, Southern Shorthaul Railroad or Watco rather than road. Trucks still have an important 'first mile' role from farms to the railhead for grain.

One wishes he'd known of SNL years ago but it keeps a low profile. It's an entity that underpromises and overdelivers, yet it doesn't even have 5000 holders. Almost a 'secret'.

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