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Interesting half yearly from Select

Profit dropped a little more than expected from about 13 to 9 million. In retrospect, they did pretty well to keep it at 9 mill......management fees were up hugely as expected but they were hammered by:

Temporary water -$2 million
Select orchards hit by drought -$4 million
Food division -$3 million
No new orchards this year cause of MIS $?

A flat result on the above fronts would have led to a massive result

It looks like all those above issues will evaporate pretty quickly:

Hopefully it rains and Select has purchase..hehehe...140% water for next year...not sure how that works...up from the 0ish allocation this year

Food division restructured to bring $3 million a year savings.........2009 WA Orchards.....

The broader growth drivers look on track....so will have to console oneself with the 22 cent dividend and hope for good management execution ahead

<blockquote data-quote="Rainmaker2000" data-source="post: 256605" data-attributes="member: 11225">Interesting half yearly from SelectProfit dropped a little more than expected from about 13 to 9 million.&nbsp; In retrospect, they did pretty well to keep it at 9 mill......management fees were up hugely as expected but they were hammered by:Temporary water -$2 millionSelect orchards hit by drought -$4 millionFood division -$3 millionNo new orchards this year cause of MIS $?A flat result on the above fronts would have led to a massive resultIt looks like all those above issues will evaporate pretty quickly:Hopefully it rains and Select has purchase..hehehe...140% water for next year...not sure how that works...up from the 0ish allocation this yearFood division restructured to bring $3 million a year savings.........2009 WA Orchards.....The broader growth drivers look on track....so will have to console oneself with the 22 cent dividend and hope for good management execution ahead</blockquote>

[QUOTE="Rainmaker2000, post: 256605, member: 11225"] Interesting half yearly from Select Profit dropped a little more than expected from about 13 to 9 million. In retrospect, they did pretty well to keep it at 9 mill......management fees were up hugely as expected but they were hammered by: Temporary water -$2 million Select orchards hit by drought -$4 million Food division -$3 million No new orchards this year cause of MIS $? A flat result on the above fronts would have led to a massive result It looks like all those above issues will evaporate pretty quickly: Hopefully it rains and Select has purchase..hehehe...140% water for next year...not sure how that works...up from the 0ish allocation this year Food division restructured to bring $3 million a year savings.........2009 WA Orchards..... The broader growth drivers look on track....so will have to console oneself with the 22 cent dividend and hope for good management execution ahead [/QUOTE]

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