Select Harvests' Balance Sheet Increases Appeal -- Market Talk

Dow Jones

Dec 02, 2024

0331 GMT - Select Harvests' improved balance sheet makes the Australia-listed almond farmer even more appetizing to its bull at Bell Potter. Analyst Jonathan Snape tells clients in a note that the company's fiscal year-end net debt would have been lower than its A$230 million-A$245 million guidance even without the proceeds of its recent capital raise. He points out that almond prices are heading toward levels not seen for at least four years, and flags management's positive outlook commentary heading into fiscal 2025. He raises his net profit forecasts by 4% for fiscal 2025 and 9% for fiscal 2026. Bell Potter lifts its target price 8.7% to A$5.00 and maintains a buy rating. Shares are up 9.8% at A$4.05. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 01, 2024 22:32 ET (03:32 GMT)

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Analyst Jonathan Snape tells clients in a note that the company's fiscal year-end net debt would have been lower than its A$230 million-A$245 million guidance even without the proceeds of its recent capital raise. He points out that almond prices are heading toward levels not seen for at least four years, and flags management's positive outlook commentary heading into fiscal 2025. He raises his net profit forecasts by 4% for fiscal 2025 and 9% for fiscal 2026. Bell Potter lifts its target price 8.7% to A$5.00 and maintains a buy rating. Shares are up 9.8% at A$4.05. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 01, 2024 22:32 ET (03:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Select Harvests' Balance Sheet Increases Appeal -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSelect Harvests' Balance Sheet Increases Appeal -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-02 11:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0331 GMT - Select Harvests' improved balance sheet makes the Australia-listed almond farmer even more appetizing to its bull at Bell Potter. Analyst Jonathan Snape tells clients in a note that the company's fiscal year-end net debt would have been lower than its A$230 million-A$245 million guidance even without the proceeds of its recent capital raise. He points out that almond prices are heading toward levels not seen for at least four years, and flags management's positive outlook commentary heading into fiscal 2025. He raises his net profit forecasts by 4% for fiscal 2025 and 9% for fiscal 2026. Bell Potter lifts its target price 8.7% to A$5.00 and maintains a buy rating. Shares are up 9.8% at A$4.05. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 01, 2024 22:32 ET (03:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7505","symbol_name":"食品股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488125610","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488125610","pubTimestamp":1733110320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0331 GMT - Select Harvests' improved balance sheet makes the Australia-listed almond farmer even more appetizing to its bull at Bell Potter. Analyst Jonathan Snape tells clients in a note that the company's fiscal year-end net debt would have been lower than its A$230 million-A$245 million guidance even without the proceeds of its recent capital raise. He points out that almond prices are heading toward levels not seen for at least four years, and flags management's positive outlook commentary heading into fiscal 2025. He raises his net profit forecasts by 4% for fiscal 2025 and 9% for fiscal 2026. Bell Potter lifts its target price 8.7% to A$5.00 and maintains a buy rating. Shares are up 9.8% at A$4.05. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7505":"食品股","SLCT":"Select Bancorp Inc.","SHV.AU":"SELECT HARVESTS LTD","BK7117":"农产品"},"translate_title":"精选嘉实资产负债表增加吸引力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHV.AU":0.9,"SLCT":1},"content_text":"0331 GMT - Select Harvests' improved balance sheet makes the Australia-listed almond farmer even more appetizing to its bull at Bell Potter. Analyst Jonathan Snape tells clients in a note that the company's fiscal year-end net debt would have been lower than its A$230 million-A$245 million guidance even without the proceeds of its recent capital raise. He points out that almond prices are heading toward levels not seen for at least four years, and flags management's positive outlook commentary heading into fiscal 2025. He raises his net profit forecasts by 4% for fiscal 2025 and 9% for fiscal 2026. Bell Potter lifts its target price 8.7% to A$5.00 and maintains a buy rating. Shares are up 9.8% at A$4.05. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 01, 2024 22:32 ET (03:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}