The biggest threat is weather and almond prices and the market is responding accordingly.
The expectation of a normalised crop is at the moment looking positive and the cash flow from quickly processing and selling stock keeps them under the covenant (as mentioned in breifing).
So if weather holds (as predicted) and prices are within there expectations this year will be OK. The big question is can this be repeated in the 2025 year, this will be the maker or breaker!
I was in the area 2 weeks ago and spent three days in region driving through Euston (Robinvale) out to Carinya West plant onto Mildura and down to Horsham etc. Orchard trees look very healthy as do the massive amounts of table grapes vinyards, Barley (heaps of it and healthy), Murray river at good levels and flowing well.
It's about 2025 to me.
The biggest threat is weather and almond prices and the market...
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Last
$3.22 |
Change
0.090(2.88%) |
Mkt cap ! $389.8M | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.24 | $3.12 | $448.1K | 140.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.23 | 3024 | 3 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$3.21 |
Change
0.090 ( 2.09 %) |
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| Open | High | Low | Volume | ||
| $3.13 | $3.24 | $3.13 | 937813 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| SHV (ASX) Chart |