Hi Joewolf, though I am not "Surandy", I hope you don't mind if I chip in.
I believe, that SHV has the necessary funding in place for organic growth (new planting of unplanted acres) via the lease arrangement with FirstState Super - including replacement of trees running of. In addition, the sale-lease-back has cleared the debt facility.
A dividend of $0.50 requires roughly $40m, which can easily be covered by unsold inventory end FY15, why I don't foresee SHV to be cash strappe - unless this year's harvest volume is significantly below FY15. With the current indications FY16 crop will probably be same volume as last year with an average price of $10/kg.
Hi Joewolf, though I am not "Surandy", I hope you don't mind if...
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$3.94 |
Change
-0.040(1.01%) |
Mkt cap ! $476.9M | |||
| Open | High | Low | Value | Volume |
| $3.95 | $4.04 | $3.91 | $1.146M | 288.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5954 | $3.90 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 1484 | 1 |
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