SHV 1.73% $3.41 select harvests limited

Agree - with comment that "the market was pricing in a much...

  1. 103 Posts.
    lightbulb Created with Sketch. 5
    Agree - with comment that "the market was pricing in a much better forecast".

    However that market pricing appraisal was based on the previous recent comments by management:

    31 Jan 2024 - "forecast to exceed 30,000 MT"
    23 April 2024, "28,500 MT to 30,000 MT".
    my estimate - Likely around 28,000 MT but not exceeding 28,400 MT

    31 Jan 2024 - "net sell price currently above $7.50 kg, and may increase further based on market demand"
    23 April 2024, "$7.30 kg - $7,40 kg".
    my estimate - Likely $7.00 kg - $7 10 kg

    Select Harvet will always over promise and under deliver.

    And the market knows that.

    I will buy more at $3,00.

 
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