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I am keeping an eye on this one.I did say it could go to 1p and I might invest at that point....But only if I can see a recovery....I cannot see that ,right now,,,,
One thought that eventually came to me was that a lot of product they had invoiced and delivered -later - in half 1 was just not paid for in the end for whatever reason(s) .. and so figures had to be revised way down subsequently to that 30th June RNS ( returned as farmers changed their minds on wanting it / or those farmers had cash flow problems and couldn't pay ...etc..)
And the '33kt'?
Good Look
Niceto...
Copied from a previous post:
The 27,000t refers to Q1/23 sales orders of 16,755t plus Q2/23 sales orders of 10,245t making a total of 27,000t for H1/23.
The RNS stated: 'News sales orders invoiced and delivered total 27,000 tonnes...' rather confusing but that was the point.
Niceto...
Shocked? No. But I am baffled!
Even Smalleyus will be shocked by these figures, I expect
And more generally he has been the most 'in tune' poster here by GALAXIES for most of my time here. I again tip my hat to you Sir; and while I always listened somewhat to you and more and more as I went too, I now wished I'd listened much more again.
A question to Smalleyus, if I may:
Todays RNS : During the half-year ended 30 June 2023, Harvest sold 7,280 tonnes of its organic fertiliser, KP Fértil®,
30th June RNS : ''News sales orders invoiced and delivered total 27,000 tonnes in H1 2023 versus budget of 60,000 tonnes.''
Can you further help me understand the differences in the above please?
Thanks
Michu
Well! well!!
so Smalley got it wrong by a huge percentage
but it's even worse than he thought
big bad smell all around these numbers
someone is going to take this out at 2p a share
should have sold up last year
ugh!!
I sense manipulation here , not just the figures but the way they are being presented when you look into the figures closely.
Would not surprise me if this was bought privately or by some other 'friendly' company.
"sales to date in 2023 have remained below internal expectations. This is attributable to a reduction in volume demand by farmers who are less incentivised to boost production whilst crop prices are low and energy prices are high. Accordingly, the Company's 2023 full year invoiced sales target is now 70,000 tonnes of KP Fértil®. Furthermore, the impact on Harvest's financial results has been exacerbated by a reduction in the price of its product, which it has lowered to follow the market and try to encourage farmers to recommence buying."
Imo there is a really bad smell coming from Brian and HMI......is there any independent evidence that farmers in Brasil are growing less food with less fertilizer? Please post reliable data to back this up.
27kt? Lol
Good Look
Sold up gla
The scandal (accounting or production) has yet to be revealed. I suspect the published numbers. My fear is that product has been leaking out of the storage facility in some form of scam hence the depressed sp. HMI does not smell right imo.
Silly LSE?
15kt +/- 1kt new guess
Cut short again?
I'm thinking my guess of
I'm thinking my guess of
Trading 4 complain your not clot1 anymore
Clot,
I'm thinking the H1/23 revenue ~AU$1.1million will be closer to the mark, as a guess that is.
Good Look
That 17 to 18 kt prediction is akin to saying 6 years is a a long time for smalleyus to be calling trading4good names :-)
Clot,
Probably 17-18kt?
Good Look
Clot,
Not even on the subject now, here's a reminder:
Here's my guess:
H1/23 revenue ~AU$1.1million
Invoiced sales
H1/23 less than 20,000tonnes
Good Look
If the seller has departed then this could be on for a run. I last noticed HMI at 17p so browsing through, some interesting comments.
NT at 2.1p.
Clot,
More deflecting.
'27k tonnes invoiced and delivered in half one'
'Nope I'm going to stick to the RNS that states 27k tonnes invoiced and delivered in half one.'
'nope it's exactly the same number, 27k tonnes.'
Good Look
Clot,
Still deflecting.
I know what the RNS stated.
But you stated this:
'Nope I'm going to stick to the RNS that states 27k tonnes invoiced and delivered in half one.'
That's different.
Good Look