re: Ann: Market Update - Management Rights fo... I agree, $6 is conservative, prudent current value, especially considering SHV's recent contract, if we knew its terms, could be a downside risk even to that...
Just this morning, however I did an income sheet and ratio analysis compared to the 'glory days' of 05/06.....SHV's revenue has increased quite a bit and profitability ratios have only deteriorated relatively little...For example, SHV's own orchards were a massive, massive contributor in those 'glory days'
I guess it's a matter of perspective........back then, it was a smaller business with higher almond prices and water....both things 'out of managment control'
I would prefer to own a bigger business, maybe earning less profit........but with massive leverage to rising water flows and almond prices
SHV's simply harvests a lot more almonds than back then....and it will keep rising......that will be massive leverage as undelying conditions improve.......with acqriculture, it should be a question of 'when' rather than 'if'
re: Ann: Market Update - Management Rights fo... I agree, $6 is...
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Last
$3.95 |
Change
0.410(11.6%) |
Mkt cap ! $478.1M | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.96 | $3.65 | $1.359M | 352.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 876 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 1147 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SHV (ASX) Chart |