I watched the AGM last night and the company stated that they had exceeded the requirements as per the lending covenants however they were granted a temporary waiver that covers them until the new crop starts being sold.
The price for poor quality grade almonds, used for manufacturing ingredients, is very poor given the high amount of poor quality Australian almonds from the 2023 crop and the quite poor quality of the Californian 2023 crop coming on stream.
At the other extreme, The in demand high quality product, such as the larger nonpareil almonds, are seeing an increase in pricing.
Current pricing with the theoretical mix of almonds for sale would amount to an average price of $7.15/kg with costs of production forecast to be roughly the same as the theoretical level for 2023 as stated in the AGM presentation, $6.78/kg from memory.
To be honest, after reading through the results and watching the AGM I won’t bother increasing my stake, even if the share price stays under $4.
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Last
$3.98 |
Change
-0.120(2.93%) |
Mkt cap ! $481.8M |
Open | High | Low | Value | Volume |
$4.10 | $4.10 | $3.98 | $1.002M | 249.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1454 | $3.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.01 | 201 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 301 | 3.950 |
1 | 201 | 3.940 |
1 | 201 | 3.930 |
1 | 201 | 3.920 |
1 | 201 | 3.910 |
Price($) | Vol. | No. |
---|---|---|
4.010 | 201 | 1 |
4.020 | 201 | 1 |
4.030 | 201 | 1 |
4.040 | 201 | 1 |
4.050 | 201 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
SHV (ASX) Chart |
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