Australia's largest stock trading and investment forum Australia's #1 stock forum

SHV

Click for more information

0.00%

$3.63 select harvests limited

Never say never, Surandy.There will come a time/price to buy...

First 18 Last

Share
Profile

Follow
Ashentegra

5,577 Posts.

1387

26/11/23

13:25

Post #: 71111517
Share

Originally posted by Surandy70: ↑

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.

Expand

Never say never, Surandy.

There will come a time/price to buy SHV.

We aren't there yet. Watching and waiting.

Ash

Last edited by Ashentegra: 26/11/23

SHV Price at posting: $3.91 Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

OJC

SPC to merge with Original Juice Co and Nature One Dairy

There are more pages in this discussion • 63 more messages in this thread...

First 18 Last

Add SHV (ASX) to my watchlist

(20min delay)
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

View Market Depth

No.	Vol.	Price($)
4	6794	3.610
6	7736	3.600
3	6862	3.590
2	1862	3.580
2	2025	3.570

Price($)	Vol.	No.
3.640	475	2
3.650	5872	2
3.660	375	1
3.670	11695	3
3.680	6862	3

Last trade - 16.10pm 02/10/2024 (20 minute delay)

SHV (ASX) Chart