Select Harvests Limited

SHV

AU000000SHV6

Food Processing

Delayed Australian S.E. Other stock markets 10:43:33 2024-04-28 pm EDT			5-day change	1st Jan Change
3.56 ^AUD	+1.42%		-12.96%	+22.76%

Apr. 24	Select Harvests Expects 2024 Crop Production to be Lower than Original Forecast	MT
Apr. 16	Bell Potter Downgrades Select Harvests to Hold From Buy; Price Target is AU$4.70	MT

Select Harvests Limited Revises Production Guidance for the Year 2023

May 11, 2023 at 06:46 pm EDT

Select Harvests Limited revised production guidance for the year 2023. The company announced that the 2023 almond crop volume is expected to be lower than previously forecast. Lower volumes across the weighbridge in addition to lower crack-out rates, have reduced the 2023 crop volume forecast to 17,500 MT (2021: 28,250 MT, 2022: 29,000 MT).

Latest news about Select Harvests Limited

Select Harvests Expects 2024 Crop Production to be Lower than Original Forecast	Apr. 23	MT
Bell Potter Downgrades Select Harvests to Hold From Buy; Price Target is AU$4.70	Apr. 16	MT
Slowing Domestic Inflation Buoy Australian Shares to Eight-Day Winning Streak	Jan. 31	MT
Select Harvests to Harvest 2024 Crop; Shares Jump 17%	Jan. 30	MT
Transcript : Select Harvests Limited, 2023 Earnings Call, Nov 24, 2023	Nov. 23
Select Harvests Limited Reports Earnings Results for the Full Year Ended September 30, 2023	Nov. 23	CI
Select Harvests Limited Appoints Paul van Heerwaarden as Non-Executive Director, Effective 1 November 2023	23-10-23	CI
Transcript : Select Harvests Limited, H1 2023 Earnings Call, May 29, 2023	23-05-28
Select Harvests Limited Reports Earnings Results for the Half Year Ended March 31, 2023	23-05-28	CI
Select Harvests Limited Reports Earnings Results for the Half Year Ended March 31, 2023	23-05-28	CI
Select Harvests Limited Revises Production Guidance for the Year 2023	23-05-11	CI
Select Harvests Limited Announces the Appointment of David Surveyor as Director	23-02-20	CI
Select Harvests Limited Appoints Michelle Somerville as Non-Executive Director	22-12-12	CI
Select Harvests' Net Profit Slumps 69% in FY22 on Higher Harvest, Logistics Costs; Shares Fall 4%	22-11-21	MT
Transcript : Select Harvests Limited, 2022 Earnings Call, Nov 22, 2022	22-11-21
Select Harvests Limited Announces Dividend for the Twelve Months Ended September 30, 2022, Payable on February 3, 2023	22-11-21	CI
Select Harvests Limited Reports Earnings Results for the Full Year Ended September 30, 2022	22-11-21	CI
Select Harvests Appoints CEO/Managing Director	22-11-08	MT
Select Harvests Limited Announces Managing Director Changes	22-11-07	CI
Select Harvests Limited Announces Chief Executive Officer Changes	22-11-07	CI
UBS Adjusts Select Harvests' Price Target to AU$7 From AU$7.10, Keeps at Buy	22-09-16	MT
Select Harvests Limited Announces Board Changes	22-09-11	CI
UBS Adjusts Select Harvests' Price Target to A$7.2 From A$7.8, Keeps at Buy	22-05-30	MT
Transcript : Select Harvests Limited, H1 2022 Earnings Call, May 27, 2022	22-05-26
Select Harvests Chair Retires; Shares Fall 3%	22-05-26	MT

Chart Select Harvests Limited

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Company Profile

Select Harvests Limited is an Australia-based vertically integrated almond food company. The Company manufactures, processes and markets almond products for the Australian retail and industrial markets, in addition to exporting almonds globally. It is engaged in growing, processing, packaging and sale of almonds and its by-products from Company-owned and leased almond orchards. It supplies a full range of value-added almond products (blanched, roasted, sliced, diced, meal and paste) in multiple customer categories, including beverage, bakery, confectionery, cereal, snacking, health, dairy (ice cream), re-packers and wholesalers. It supplies both branded and private label products to key retailers, distributors and industrial users. Its brands are Renshaw and Allinga Farms. Its geographically diverse almond orchards are located in Victoria, South Australia and New South Wales. Its portfolio includes over 9,262 hectares of Company-owned, leased and joint venture almond orchards.

Sector

Food Processing

Calendar

2024-05-23 - Q2 2024 Earnings Release (Projected)

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Ratings for Select Harvests Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.51 AUD

Average target price

4.594 AUD

Spread / Average Target

+30.89%

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