SHV 3.09% $4.34 select harvests limited

Appolgies for the ambiguity of my post. I took the HINS as...

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    Appolgies for the ambiguity of my post. I took the HINS as Rainmaker says just in case there was a SSP as opposed to the rights as I felt that SHV would look for more capital.

    On the growth side I reckon we are still in pretty fair shape. I worked out some very rough numbers on the back of an envelope

    Tonnes
    Year Man. Co. Total
    2009 19,400 2,600 22,000
    2010 17,200 2,800 20,000

    2011 29,500 4,300 33,800 (co. orchards incl. increased acreage) - Estimates

    On maturity from existing acreage 52,000 (my guess is we get there around 2014 or so)

    Now if everything remains equal except the volume my back of the envelope calcs (I just pro-rated the numbers on slide 10 with the estimated volumes for next year, guesstimated tax, etc so numbers are really rough) would give us (approx) numbers for FY11
    EPS (undiluted): 0.75
    EPS (diluted): 0.53
    EPS (diluted +): 0.59 (this one I deducted interest costs because I figured we wouldn't owe anything after the cap raising)

    So growth is pretty good, plus I would expect reported EPS to be even a bit higher again than I calculated because of the late sales and processing of this years crop. The late income would be booked in FY11.

 
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