HMI looking strong, and its not a surprise...23 May 2023 11:51
The buying patterns this year for HMI have been a bit different to last year.
Last year they saw more front end buying due to FOMO and this year they seem to be seeing the opposite as farmers are guessing/wondering if prices will continue to come under pressure. Harvest are not immune to this of course.
Harvest have recently started the peak season marketing campaign and we seem to be seeing some early traction. I think they have arranged line of finance for farmers to help them with cashflow purchases (the finance is provided by 3rd parties, which just facilitate/introduce) and this is something that’s good for the company of course.
As i understand it, they price KP Fertil as fully as they can to make the sale.
Look at recent tweets from the Company. The size and scale of management and staff.
The reality is, Harvest is the business they have described and its progressing extremely well.
Comparisons/over analysis, trying to pull apart every number for HMI is bizarre, and not really helpful to anyone!
Think a little patience is required. Let the company do its thing and make money!