Rainmaker, reading their recent updates it sounds like the chances of a capital raising have reduced significantly even prior to this debt re-financing.
The latest agreement to lease additional acreage in the Hillston area shouldn't take long to become eps positive. The plantings were in 2007/08 so they'll start producing next harvest or the year after, with full maturity reached by 2013.
I meant to mention about the potential acquisition in the Lake Powell area but forgot to. There is a vote on that sometime this month. I'd expect another update from SHV in early April.
With the improved water situation these almond orchards (the mature ones) will be a cashcow which will fund expansion. I don't see debt reducing much unless they sell & lease back the water rights. Remember once the WA orchards start producing they'll need processing equipment for those almonds.
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Last
$4.19 |
Change
0.080(1.95%) |
Mkt cap ! $507.2M |
Open | High | Low | Value | Volume |
$4.10 | $4.22 | $4.10 | $294.1K | 70.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 903 | $4.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.20 | 1668 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 903 | 4.150 |
2 | 903 | 4.140 |
2 | 845 | 4.130 |
1 | 121 | 4.120 |
1 | 121 | 4.110 |
Price($) | Vol. | No. |
---|---|---|
4.200 | 1668 | 2 |
4.210 | 782 | 1 |
4.220 | 121 | 1 |
4.230 | 121 | 1 |
4.240 | 131 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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