Sanfords

[Tim nice but dim]

Such an unloved thread

Price today back to $6.00.

Coms from inside company suggesting a record divi this year, just heard a whisper of this on Tuesday & reflected recent share price movements. 1 month to go till the final result  announcement.

[Mr Cashflow]

Rising diesel prices migh hit the seafood sector. No sector in New Zealand burns through more diesel per dollar of output than fishing.

https://b2bnews.co.nz/news/nz-fishing-fleets-26-percent-diesel-cost-exposure-risks-wipeout/

Fishing fleets are one fuel spike away from being unviable

"Diesel accounts for 26 percent of non-wage operating costs in the sector, a figure that dwarfs road transport at 19-26 percent, primary sector support services at 11 percent, and horticulture at 5.5 percent. Infometrics chief forecaster Gareth Kiernan put fishing "top of the list" for vulnerability, noting it spends roughly a quarter of its input costs on oil-based fuels."

[Mr Cashflow]

Suddenly, SAN has caught the  eye of investors. May be contrarians who want to take positions in neglected stocks.

Those who invested in 2023 are winners.