Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Thursday, 16 July 2015
Shorters lose "almond a leg"...
A big kick for Select Harvests (SHV) yesterday - and a punch in the nuts for shorters - as the company announced in its "Global Market & Local Crop Update" that world almond prices remain firm.
Integrated almond producer Select was one of many businesses which struggled as the Aussie dollar was so strong through the latter stages of the mining investment boom, but now in turn stands to benefit from the depreciation of the dollar.
It's been one heck of a rebound, with the SHV market cap now surging to ~$875 million.
The nuts and bolts...
Select had already reported a cracking 17 per cent increase in underlying profit for the first half, with food business sales for 1H15 strong at $71.4 million.
The share price soared to well over $12 yesterday, settling in at around $12.25 today.
Almond prices have increased as global demand rises, with supply simultaneously having been poleaxed by a protracted drought in California.