Silver Fern Farms Co-Op (SFF)

[Iceman]

SFF is my biggest holding by far and has kept my portfolio well afloat so far in this financial year. After a 60% SP gain and a 8% dividend in the last financial year, we are now, quarter through the current financial year, where we started with the SP. So 0% SP gain, but an 11.25% gross dividend.

The company is debt free, with a significant reserve cash position and still trading at a P/E of only 3.1 and a dividend yield of 11.2%.

People always concern themselves with the lack of liquidity on the USX, but I would suggest that it has been a blessing during the current market turmoil. My experience with the USX, is that investors on there are MUCH more long term investors and not short term traders. They let the operational results speak for themselves and ignore the noise on the main boards.

I like it !

For those that don't follow, this co-op is simply a holding company and owns 50% of Silver Fern Farms Ltd.

[Fiordland Moose]

I hadn't realised it was a co-op

I need to get around organising a broker so I can dabble in some unlisted shares.

[BlackPeter]

SFF is my biggest holding by far and has kept my portfolio well afloat so far in this financial year. After a 60% SP gain and a 8% dividend in the last financial year, we are now, quarter through the current financial year, where we started with the SP. So 0% SP gain, but an 11.25% gross dividend.

The company is debt free, with a significant reserve cash position and still trading at a P/E of only 3.1 and a dividend yield of 11.2%.

People always concern themselves with the lack of liquidity on the USX, but I would suggest that it has been a blessing during the current market turmoil. My experience with the USX, is that investors on there are MUCH more long term investors and not short term traders. They let the operational results speak for themselves and ignore the noise on the main boards.

I like it !

For those that don't follow, this co-op is simply a holding company and owns 50% of Silver Fern Farms Ltd.

Sounds like you got yourself a bargain ... though past performance (60% SP gain) is obviously not a guarantee for future gains.

Have not yet followed the unlisted ... how do you buy or sell them .... and are there any rules to make sure the market is informed?

[lorraina]

go to usx.co.nz web site.
Plenty of information about their listings and brokers who deal with USX listed companies.
Even on Sharetrader there have been plenty of postings since 2010,on Unlisted section..
Excellent Companies include PAZ,SYFT,Silver Fern Farms CoOp,Rangatira,Terra Vitae Vineyards,Skyline Enterprizes,and Rural Equities.
Each company provides an Issuer profile,and you can see each company's announcements including annual reports.
I believe NZSA are now covering a lot of the USX companies.
My two largest shareholdings are USX listed companies.

[BlackPeter]

Cheers. Was particularly interested in the market rules and found them on the website. Shall digest.

[lorraina]

https://usx.co.nz/uploads/paperclip/documents/2606/original/USX_Quarterly_Report_30-06-22.pdf?1657690958

ps.
The correct number of shares on issue for SFF is 100,378,874

[Sideshow Bob]

Unprecedented.....interim divvy announced.

https://www.usx.co.nz/uploads/paperclip/documents/2703/original/Silver_Fern_Farms_Co-operative_Media_Release_Interim_Dividend_Announced_281022.pdf?1666900539

31.9cps gross divvy in the last 12 months. Almost a 20% gross yield based on the last traded price......

[blackcap]

go to usx.co.nz web site.
Plenty of information about their listings and brokers who deal with USX listed companies.
Even on Sharetrader there have been plenty of postings since 2010,on Unlisted section..
Excellent Companies include PAZ,SYFT,Silver Fern Farms CoOp,Rangatira,Terra Vitae Vineyards,Skyline Enterprizes,and Rural Equities.
Each company provides an Issuer profile,and you can see each company's announcements including annual reports.
I believe NZSA are now covering a lot of the USX companies.
My two largest shareholdings are USX listed companies.

You are correct in stating that the NZSA cover most of the USX now. The USX also has some very large companies for instance Skyline and Zespri. There are some companies that possibly should be on the NZX rather than the USX. The USX does provide trading opportunities for widely held companies. Do watch out though for the non-continuous disclosure. Some people find that aspect quite intimidating.

I just realised I am positing in the SFF forum. Just for disclosure, I sold over half my holding just recently at $1.50. See too many headwinds in the sector this year. Happy to have taken the dividend and large SP appreciation before then.

[Minimoke]

You are correct in stating that the NZSA cover most of the USX now. The USX also has some very large companies for instance Skyline and Zespri. There are some companies that possibly should be on the NZX rather than the USX. The USX does provide trading opportunities for widely held companies. Do watch out though for the non-continuous disclosure. Some people find that aspect quite intimidating.

I just realised I am positing in the SFF forum. Just for disclosure, I sold over half my holding just recently at $1.50. See too many headwinds in the sector this year. Happy to have taken the dividend and large SP appreciation before then.

In the wrong thread I know, but the NZSA was at the last PAZ  AGM.

[Sideshow Bob]

Revenue almost $3.3b.
Net Profit $189.3m

Total imputed dividends for the year $0.231. At $1.50 that's 15.4% yield after tax.....

[Breezy]

Looking forward to a nice big divvy in less than 2 wks after buying in over the last few days, looking for another 20k shares at 1.601 if anyone on here wants to sell some( I'm looking at you blackcap)

[lorraina]

You are the highest bidder.
Incredible yield in just under 2 weeks.

[Basil]

Helped you guys out today and had some SFF Venison medallion steaks for dinner.
I need to make sure more of the red meat I eat is really lean.   Pan fried in olive oil, medium rare and lightly salted with Himalayan pink salt and ground pepper.    Gosh it was really awesome, very tender, rich and tasty.  No fat noticed whatsoever. 400 grams vacuum packed at New World for $17.99.  Not cheap but definitely worth it!

[Untamed]

Check out their slow cooker diced venison pack. 750 gm for around $16.00. I picked one up the other day for $14 on special. Expensive for me but OMG it was good! Made a slow cooker casserole and it was melt in your mouth tender and delicious. Added lots of veggies and got three meals out of it, so well worth it.

Helped you guys out today and had some SFF Venison medallion steaks for dinner.
I need to make sure more of the red meat I eat is really lean.   Pan fried in olive oil, medium rare and lightly salted with Himalayan pink salt and ground pepper.    Gosh it was really awesome, very tender, rich and tasty.  No fat noticed whatsoever. 400 grams vacuum packed at New World for $17.99.  Not cheap but definitely worth it!

[Basil]

Great tip, thanks.  Sounds so good I want to come over for dinner at your place tomorrow.