Trying to save a buck has taken the company to the brink.
A new, cheaper, logistics provider has caused delays in transit of almonds to market, meaning $56 million has not yet been received for almonds despatched. So, a capital raise is sought to overcome this, with the benefit in the longer term of reducing debt to a more manageable level.
I already hold more than I am comfortable with in SHV. I have been waiting quite a while for the next upturn in almond prices to reduce my holding at a better value. Capital raising is not really what I hoped for but I guess I will be crazy not to participate at these prices.
Trying to save a buck has taken the company to the brink.A new,...
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Last
$4.09 |
Change
0.000(0.00%) |
Mkt cap ! $581.2M | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.09 | $3.97 | $6.765M | 1.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 382 | $4.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.09 | 4735 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SHV (ASX) Chart |