The market is valuing it at PE ratio of 6 now. As long as the company grows its production volume, and prices don't get smashed below cost of production, the company will continue to make decent money. California is constrained by water and many farmers who don't have water security will think twice before planting more acres. Almonds being health food will continue to grow in popularity amongst Chinese, Indians and all other developing nations. Australia being on the other part of the world could supply fresher almonds for half of the year whereby the almonds in California is already half a year old. Select Harvests being the 3rd largest almond producer will stand well to benefit in the agricultural boom for the next decade.
Good value for money now!
The market is valuing it at PE ratio of 6 now. As long as the...
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Last
$4.15 |
Change
-0.060(1.43%) |
Mkt cap ! $507.2M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.21 | $4.15 | $38.51K | 9.211K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2238 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.17 | 1761 | 13 |
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| Last trade - 11.36am 16/08/2024 (20 minute delay) ? |
| SHV (ASX) Chart |