Triggers broom
21 Sep 2017
Re: CANACCORD Just noticed that they've also added to their sizeable QXT holding this week so that's at least four of my holdings including TET attracting the Canadians."Spend.spend,spend"
Triggers broom
21 Sep 2017
Re: CANACCORD Hardboy - Not sure if you hold XPP and YNGA but they've been buying big (RNS notification) on these two this week as well. I'm holding both and welcome the institutional interest.Its a case of the Viv Nicholson's at Cannacord this last week by the looks of it.
Hardboy
21 Sep 2017
CANACCORD Have canaccord recently taken over some other company? They've suddenly announced notable stakes in 3 or 4 of my holdings, when before they had none.
Hardboy
21 Sep 2017
Fruit Juice Focus This is a report in the above specialist on line magazine."Hurricane Irma and the damage to the Florida citrus industry: "Official bodies representing the citrus industry in Florida have issued the following comments in the aftermath of the severe damage caused by hurricane Irma to citrus crops in the State: "“Given the size of the storm, Hurricane Irma’s impact is wide and far-reaching across the state of Florida. With the storm having passed through Monday, Florida Citrus growers are still in the process of assessing damage to their crops. It is safe to say, however, that the storm has resulted in significant damage to the Florida Citrus industry. Before Hurricane Irma, we were expecting more than 75 million boxes worth of oranges on the trees this season. Due to the storm, we now have much less. In addition to fruit loss due to wind, some growers also are dealing with uprooted trees. Agricultural emergency declarations exist for types of natural disasters like this.” Said Shannon Shepp, Executive Director, Florida Department of Citrus in a statement. "Source: Florida Department of Citrus "“It’s still too early to know the full extent of the damage to Florida citrus. But after touring groves on foot and by air, it’s clear that our signature crop has suffered serious and devastating losses from Hurricane Irma.” Reported Florida Commissioner of Agriculture Adam H. Putnam after he took an aerial tour to survey areas impacted by Hurricane Irma, including citrus groves in Central and Southwest Florida. "Source: Florida Department of Agriculture and Consumer Services "“Based on grower reports, citrus crop loss may be in the 50% to 70% range in some areas”, commented Lisa Lochridge, director of public affairs with the Florida Fruit & Vegetable Association. She went on to say many groves were flooded and it would take growers a while to get all of that excess water pumped out. In the meantime, standing water in groves can increase the chance of disease to the roots. Harvesting was due to begin in November, and the state’s volumes are now set to be much lighter. “The damage estimates vary, depending on the area of the state hit. South Florida damage is more severe. Based on reports from the field, it’s estimated that there’s a 50 to 70 percent crop loss in South Florida, depending on the region,” Lisa said. “Losses are slightly less going north, but Irma cut a powerful swath through the epicenter of Florida’s citrus-growing region.” "
Hardboy
13 Sep 2017
Re: Update from Treatt Florida LK: They usually issue a trading statement at the beginning of October, which will likely move the share price, so whilst you may not invest before then, but may be worth doing the calculations. Get the slide rule out!
LK Hyman
13 Sep 2017
Re: Update from Treatt Florida Trigger,I'm certainly considering coming back on the share register mesen at some stage, but am in no rush as the share price is pretty demanding at the current level. Meanwhile, as you imply, Mrs LKH's continuing modest holding keeps me interested in commenting on developments.Sometime, in an idle moment, I must run the numbers for future cash flow after the capex for the new Bury shed and the expanded Lakeland shed through my highly sophisticated model.[link] on the flybridge
Triggers broom
13 Sep 2017
Re: Update from Treatt Florida LKH - "This is quite encouraging, especially the reference to sourcing from all over the world"(Sadly) since Irma I've been looking at orange juice production far more than I ever thought I would and was surprised to see Florida's steadily reducing (year on year) production figures at less than 10% of Brazils so here's hoping Treatt have a solid supply from there to offset the damage and expected price rise of Florida oranges.Vamos Brasil,LK - Aside from Mrs LK's moderate holding are you considering a return as a bona fide TET shareholder or remaining an interested observer as stated before?We are now slowly drifting back towards a fiver so the market is gradually recovering from the announcement of your shock departure a week or so ago.
LK Hyman
13 Sep 2017
Update from Treatt Florida This is quite encouraging, especially the reference to sourcing from all over the world, though the loss of between 30% and 80% of Florida's oranges is a big blow to the citrus growers.Good to see that Treatt is back up and running. [link] on the flybridge
Hardboy
11 Sep 2017
Re: Lakeland and Irma "With Florida having suffered either a hurricane or a tropical storm more or less everywhere, it's hard to believe that many of them ripening oranges will not have blown off the trees. The trees themselves may have been largely flattened I dunno."And as I said earlier it is not just the effect on this year's harvest to worry about, but because hurricanes dump unpleasant stuff into the soil, it's future years too.
LK Hyman
11 Sep 2017
Re: Lakeland and Irma Trigger,[link] etc
LK Hyman
11 Sep 2017
Re: Lakeland and Irma Trigger,"The impact on the orange harvest in October is another matter though"Indeed! With Florida having suffered either a hurricane or a tropical storm more or less everywhere, it's hard to believe that many of them ripening oranges will not have blown off the trees. The trees themselves may have been largely flattened I dunno.I don't know to what extent Florida Treatt can replace Florida-sourced product with Brazil-sourced product. 'Twould be interestin' to know. Intuitively one would expect that the incremental shipping cost would be peanuts compared to the rise in the FOB cost of citrus oils.It's good that Treatt had a nice high inventory the last time they declared their results.LKH on the flybridge
Triggers broom
11 Sep 2017
Lakeland and Irma all accounts on twitter Lakeland took a hit from Irma as a Cat 2 storm but apart from a power outage and a few felled trees there appears to be little damage in the area which is good news for our US operation.The impact on the orange harvest in October is another matter though. Need to call Clarence Beeks for the inside info.
LK Hyman
07 Sep 2017
Re: Orange Juice Whatever happens to the price of orange juice, all Treatt needs to do is to get ahead of the market from a trading perspective, ie be long if the price is going to rise and short if it's going to fall.The combination of the widespread greening disease, which hits both Florida and Brazil, with this year's hurricanes suggests that the fact that Treatt's inventory was pretty high at the interim stage will prove to be a good thing rather than a bad thing.What with the uncertainty over Irma's track it's harder than usual to predict the next move so far as Treatt's share price is concerned .... I wonder whether they've yet spent any of the capex earmarked for Treatt Florida. Hopefully not!LKH on the flybridge
picstloup
06 Sep 2017
Re: Orange Juice Well, according to this, 2016 was Florida's worst orange harvest in a century, and Treatt hasn't done badly in the last year[link]
Hardboy
06 Sep 2017
Orange Juice I've finally discovered Bloomberg Radio on my car DAB; and was listening to it tonight. They had a brief piece on Florida Orange Juice.Apparently this year is heading for the worst Orange Juice harvest in Florida since 1964 - that's before Irma pops in for a visit. Also it's pretty obvious to all laymen that a severe hurricane hitting crops of any kind will do quite a bit of damage to the crop yield that year, but apparently the deposits a hurricane leaves in the soil will also spoil future year crops of oranges. What exactly that means to Treatt I haven't quite figured out, but I don't think it's good.
