62% uncommitted = 8,494 tonnes
Current spot of $7 is $2 less than guidance
8,494 tonnes at $2 = $17m downgrade to guidance
Given that guidance of $9 was already down from $11.45 pool price last year, this year's profit is going to be a massive drop. Forget any ideas of a sustainable dividend.
If these almond prices persist, next year will be even worse and commitment to rising volumes will only make things worse still. Have a look at page 15, under the orchard leasing arrangements all agri risks sits with SHV.
This management team is betting the company on an improvement in the almond price.
Ann: SHV Investor Day Presentation 7 April 2016-SHV.AX, page-3
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$3.94 |
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Mkt cap ! $476.9M | |||
| Open | High | Low | Value | Volume |
| $3.95 | $4.04 | $3.91 | $1.146M | 288.1K |
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| No. | Vol. | Price($) |
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| 2 | 5954 | $3.90 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 1484 | 1 |
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