It is only on an expensive multiple because of the poor recent results.
The fundamentals are moving more favourable for SHV with the recent news out of California with the continued demand combined with reduced crop forecast and continued quality concerns. As per the NPR article shared by @Ashentegra Californian almond orchards have reduced and signs are that this will continue for at least the near future.
All up we should expect higher almond prices which will lead to higher returns for SHV holders.
USA Report, page-276
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Last
$3.63 |
Change
0.000(0.00%) |
Mkt cap ! $498.4M | |||
| Open | High | Low | Value | Volume |
| $3.63 | $3.69 | $3.61 | $941.6K | 258.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6794 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 475 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| SHV (ASX) Chart |