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CLV, CLOVER CORPORATION LIMITED
nipper
post Posted: May 20 2020, 02:10 PM
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a pretty optimistic update from Clover today - and up to $2.50
QUOTE
Following the first half results, Clover Corporation has experienced strong demand from customers globally, with an increase in forecast demand coming in the fourth quarter from infant formula manufacturers, which the company believes is primarily driven by the market’s reaction to COVID-19. It is believed consumers are buying additional products which has depleted the pipeline fill into distribution warehouses and retail outlets. This is likely to have been exacerbated by company and country isolation activities.
also getting a one-off benefit from currency movements.
QUOTE
Clover believes that much of the increased demand reflects China re-filling a depleted pipeline post the COVID-19 impact, as well as other countries experiencing higher demand as end consumers stockpile product during isolation. It is too early to state the full impact of the above market movements as the current forecast-to-order placement is very fluid. The situation driven by COVID19, the depreciation of the Australian dollar and high existing Clover inventories are mostly one-off events, and we expect demand patterns will return to a more normalized pattern in the next financial year.
Previously, the company had indicated that performance in the second half of FY20 would be similar to the results in the second half of FY19 (which is seasonally stronger than the first half). The Board now expects a stronger second half FY20 performance, assuming forecast demand results in fulfilled orders and the global situation remains in the current state.
The Board added that it will consider reinstating company dividends at the end of the financial year in line with results.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 14 2019, 12:53 PM
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Recent plant based protein has gained momentum recently and taken market share from animal protein, for a variety of reasons.

Next cab off the rank is likely to be marine sourced protein substitution. Aquaculture has been there matching demand as supply from pelagic sources becomes more expensive and harder to find. But now food technologists are looking at the 200+ fish and other seafood types (animal protein has 30 sources/ tastes at max).

How this impacts on Clover's core business remains to be seen:
QUOTE
...omega-3 fatty acids, essential for human health, have fallen in farmed fish since over-fishing concerns spawned a switch from feed rich in oily fish to soy and other alternatives.

In response, Johnathan Napier and his team at Britain's Rothamsted Research, an agricultural science centre, have genetically modified plants whose seeds produce the two key acids that make up omega-3. "If we can use a land-based source of fish oils as a way of augmenting or adding to the stuff from the oceans, then we can relieve the pressure on the oceans," he says, adding that the result would also be far more affordable..

https://www.afr.com/companies/agriculture/m...20191122-p53d7y



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 20 2019, 10:08 AM
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In Reply To: nipper's post @ Jul 11 2019, 03:18 PM

Clover delivers record revenue and profit growth for FY 2019
QUOTE
- Sales revenue in FY2019 was $76.7m (2018: $63.0m) an increase of 21.8%
- Net Profit After Tax in FY2019 was $10.1m (2018: $7.6m) an increase of 33.1%
- Sales of new products fuel growth and profitability
- Clover’s focus on expanding sales into new territories delivers growth
- The Balance Sheet remains strong with net debt of $5.2m
- Clover declares final dividend of 1.75 cent per share

Nice kick to SP

Looking forward
Clover continues to have a strong pipeline of opportunities to grow its market share in IF and to diversify into new adjacent markets. Whilst legislation in Europe to increase DHA in IF in 2020 and likely similar changes in China in future years provide good prospects for growth, we are seeing pressure on margins due to increased competition.

Clover expects to maintain its market position as reflected in the second half of FY2019.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: trisail  
 
nipper
post Posted: Jul 11 2019, 03:18 PM
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In Reply To: blacksheep's post @ Apr 17 2018, 01:41 PM

and back through $2.00 today ... on the way up. : some 10% lift. No news, yet (apart from the usual Sellers exhausted speculation)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Apr 17 2018, 01:41 PM
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In Reply To: blacksheep's post @ Mar 21 2018, 01:38 PM

Broke through the $1.00 mark today - currently $1.01 - up 6.32%
https://www.shortman.com.au/stock?q=clv
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 21 2018, 01:38 PM
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SP up 24% on today's results for 1H18
QUOTE
 Net Sales Revenue in 1H FY2018 of $31.0m (1H 2017: $19.4m) an increase of 60%.
 Net Profit after Tax 1H FY2018 $3.2m (1H 2017: $1.0m) an increase of 209%
 Stability of Chinese regulations and demand drive manufacturers’ confidence
 New and existing customers’ volume and trading terms improve revenue and
profitability
 Customer demand expected to remain consistent for the second half of FY18
 A strong cash position of $6.7m allows for further investment in operations
 Clover declares dividend of 0.50 cent per share


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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johnel
post Posted: Oct 8 2010, 09:24 AM
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In Reply To: gatsby321's post @ Jul 31 2010, 11:51 PM

Have no idea why but going up well, up from .28 on the 1st sep to .28 today not bad for a small stock. any idea's.
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gatsby321
post Posted: Jul 31 2010, 11:51 PM
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In Reply To: BSA's post @ Nov 25 2009, 01:53 PM

clv should have good result. they have given up on that 50/50 soya projet and will write it off. They keep saying they are trading well and Omega 3 continues to get good vibes. Anyone have a view?



 
BSA
post Posted: Nov 25 2009, 01:53 PM
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In Reply To: regn's post @ Nov 25 2009, 01:35 PM

Y/days media release helped with an improved outlook.

I had a few price alerts fire off y/day, but did not pay it enough attention obviously.



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regn
post Posted: Nov 25 2009, 01:35 PM
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Price up 22.2% to 27.5c today. No announcement or speeding ticket. Anyone have any ideas as to what may behind the jump?



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