Yes but SHV is a price taker.
So the price of its commodity has the biggest effect on its revenue. So an increase in revenue of 65% doesn't necessarily have anything to do with good stewardship of the company (note: I'm not saying management isn't doing a good job, just saying that even bad managers will make money when commodity prices boom).
Costs on the other hand do reflect on management.
So my concern when I saw the numbers was that a 24% increase costs YoY for essentially running the same farm is quite large...
Don't get me wrong - the result is good - but the number was a little concerning. Would like an explanation.
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Last
$4.13 |
Change
-0.080(1.90%) |
Mkt cap ! $496.3M |
Open | High | Low | Value | Volume |
$4.20 | $4.21 | $4.09 | $171.4K | 41.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 5723 | $4.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.13 | 529 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 5647 | 4.120 |
5 | 1422 | 4.110 |
6 | 931 | 4.100 |
5 | 1394 | 4.090 |
7 | 4143 | 4.080 |
Price($) | Vol. | No. |
---|---|---|
4.130 | 528 | 6 |
4.140 | 1403 | 7 |
4.150 | 2062 | 7 |
4.160 | 3461 | 7 |
4.170 | 11216 | 5 |
Last trade - 15.22pm 03/09/2024 (20 minute delay) ? |
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SHV (ASX) Chart |