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.
Yes but SHV is a price taker. So the price of its commodity has...
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Last
$3.65 |
Change
0.110(3.11%) |
Mkt cap ! $501.1M | |||
| Open | High | Low | Value | Volume |
| $3.53 | $3.67 | $3.50 | $861.1K | 239.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19423 | $3.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 2571 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| SHV (ASX) Chart |