Today I've finally started buying to hold for hopefully a repeat of 2015 at some stage in the next 5 years or so. Perfect storm of La Ninas, manpower shortages, bee problems, might be coming to an end. Seems reasonable NTA support too, with Bell Potter saying $6-6.50 ps, including cropping rights val. " Asset values: Independent valuations of the orchards and market value for water assets
implies a value of ~$587m compared to the Book value of $398m, implying market NAV of
$5.86ps (vs. NAV of $4.30ps). This is in line with our valuation for the company owned
orchards, water and processing assets of $588-649m. It should be noted that we see an
additional $75-80m in value for crop rights on leased properties that are not incorporated in
this number (carried as negligible value in balance sheet NAV)."
Might be another poor harvest coming due to current issues. Market might have that factored in.
Today I've finally started buying to hold for hopefully a repeat...
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Last
$3.63 |
Change
0.000(0.00%) |
Mkt cap ! $498.4M | |||
| Open | High | Low | Value | Volume |
| $3.63 | $3.69 | $3.61 | $941.6K | 258.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6794 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 475 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| SHV (ASX) Chart |