The concern for me is the Short to medium term price and the impacts not only on earnings but cash flow to reinvest in the business. I spoke to the company recently and they said they aren't interested in stock piling almonds so it is very likely the produce would he sold into the market at the prevailing price.
Also SHV is a price taker with just 10% of global supply being non USA
Once again , long term I am a fan of the stock but ST , it is possible we get an earnings revision. I have read a number broker reports and most assume a price medium term that may be higher than what is achieved.
It really all depends how they go this year with sales and price , as this will drive the stock
It is possible today's prices are cheap, but I simply feel based on current almond market they may not be
The concern for me is the Short to medium term price and the...
Add SHV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.94 |
Change
-0.040(1.01%) |
Mkt cap ! $476.9M | |||
| Open | High | Low | Value | Volume |
| $3.95 | $4.04 | $3.91 | $1.146M | 288.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5954 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 1484 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SHV (ASX) Chart |