SHV – Citi rates the stock as Buy
Citi retains its Buy rating and $8.10 target price.
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Almond Demand Leads to Bumper Crop for Select
The improvement in the outlook for global almond prices and demand has seen Australian grower Select Harvests upgrade its expectations for its 2021 crop by more than 20%.
Read MoreDiscourse from the Bourse
A fair bit going on at the moment, here are a few developing stories from over the weekend we thought you might like updates on, involving PEXA / LNK, ING, SHV, TAH and FMG.
Read MoreSunny Outlook For Select Harvests
Despite the NSW floods almond harvest volumes at Select Harvests are unchanged, although softer prices have driven a reduction in earnings forecasts.
Read MoreStrong Crop Not Enough To Save Select Harvests Dividend
Shares in the ASX-listed almond producer Select Harvests have been cracked by investors after the company released a weak first-half result and cut its interim dividend.
Read MoreWhen Market Volatility Is Irrelevant
A strategy focused on actual businesses with momentum can repel market volatility. Importantly it can help you ride out any volatility because you understand that a “tweet” doesn’t translate to any effect on profits.
Read MoreBuoyant Outlook For Select Harvests
Select Harvests has used strong cash flow over FY19 to pay down all debt and underpin production growth for the future.
Read MoreSHV – UBS rates the stock as Buy
FY19 results were ahead of UBS estimates at both the earnings (EBIT) and net profit level. Strong cash flow has allowed the company to pay down all debt and provides for a material future growth option.
Read MoreDipping Into Water Stocks
The dry conditions in many of the key farming regions highlight the importance of water security for our listed agricultural plays. When it comes to water rights, some are in a better position than others.
Read MoreSelect Harvests Rejects UAE Takeover Bid
Just as Accord is attempting to ‘hug’ Mantra with a fat ‘non-binding, indicative offer, so an attempt to try and inveigle Select Harvests the same way has failed for a Middle Eastern investor.
Read MoreAlmonds Very Tasty For Select Harvests
Another mid cap with a solid interim out yesterday was Select Harvests (SHV) which boosted underlying profit 17% to $21.5 million for the six months to December.
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