I just read Olam's latest presentation to their own shareholders........
They are thrilled at new purchase......the different between the two orchards is the new batch of 3000+ hectares are on average 6 years old.....with almost no forward cap ex required..
That makes them similar to SHV's own orchards.....
SHV current market cap. is just $145 million which is less than the latest buy of just the orchards, so I'm pretty sure the company is not going below $2....hehehehe
In fact, that means SHV is heavy undervalued once one adds infrastructure, almond plant, food business, WA project with land and approvals and most important brand assets...basically the entire vertical integration......
It will be very interesting to see how these negotiations work out
I just read Olam's latest presentation to their own...
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Last
$4.01 |
Change
0.060(1.52%) |
Mkt cap ! $485.4M | |||
| Open | High | Low | Value | Volume |
| $3.96 | $4.08 | $3.87 | $3.213M | 816.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2712 | $4.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.08 | 1549 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SHV (ASX) Chart |