James Mickleboro May 30, More on: Earlier today Select Harvests Limited ASX: SHV released an overseas investor presentation and the market reaction to it has been incredibly bullish. The share price of the almond producer at one stage jumped over 7.

Bank shares hammered in $40b ASX wipeout

In the presentation it advised that it has increased its full year production volume estimate from 13, to 14, tonnes. This is finally some good news for investors who have seen the share price drop by…. Enter your email below for FREE access to this article and all the content on the site.

Australian Shares Report ASX Advice | David Hunt Share Targets Timing Trades

Also receive Take Stock, The Motley Fool's unique daily email on what's really happening with the share market. You may unsubscribe any time.

10 top shares to buy in | Motley Fool Australia

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about other products and services we think might interest you.

Please read our Financial Services Guide FSG for more information. The swinging share price is largely the result of the rise and fall of almond prices. As the price of almonds shot up, so too did the number of almond producers looking to cash in on the demand.

This ultimately led to an oversupply and rapid drop in prices. The good news for Select Harvests is that almond prices may have found their bottom.

It has been reported that US almond prices have shown further increases over metatrader4 broker forex commodity last month on strong demand against limited offers, according to data from Primex International Trading Corporation. This rise came about due to exceptional circumstances which saw a four-year drought in California hit production levels. With drought conditions alleviating, conditions should be better for normalised production moving forward.

Still, if almond prices have bottomed then Select Harvest could be good value trading at just over 7x trailing earnings. Although it is a great company and good value, I still believe it is a reasonably high risk investment due to its reliance on commodity prices. In many respects it is how to predict the indian stock market with fibonacci different to Newcrest Mining Limited ASX: NCM and Fortescue Metals Group Limited ASX: FMG which rise and fall on gold and iron price fluctuations, respectively.

Instead I would rather focus on these three blue chips shares which could provide investors with share price gains in Not only that, they are expected to pay fully franked dividends too! Discover The Motley Fool's top 3 blue chips for These 3 'new breed' shares pay fully franked dividends AND offer good shares to buy asx very real prospect of significant fast way to make gold in wow mop appreciation.

Simply click here to gain access to this comprehensive FREE investment report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

The Motley Fool has a disclosure policy. This article contains general investment advice only under AFSL Authorised by Bruce Jackson. And all you have to do to discover the name, code and a full analysis is enter your email below! We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you.

Top 10 stocks Australians are buying - ASX

You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide FSG for more information. What's REALLY going on in the share market Discover our experts' take on the ASX with your FREE subscription to The Motley Fool Australia's weekly email Take Stock Financial Services Guide Privacy Policy Terms of Service Subscription Terms of Service.

Select Harvests Limited shares rocket: Should you buy them? Flickr Earlier today Select Harvests Limited ASX: To keep reading, enter your email address or login below. Why These 3 Blue Chip Shares Look Set to Soar in Discover The Motley Fool's top 3 blue chips for No credit card required. HOT OFF THE PRESSES: My 1 Dividend Pick for ! Enter your email address below to activate your FREE subscription now! Home Compare Services Share Advisor Dividend Investor Extreme Opportunities Hidden Gems Million Dollar Portfolio Pro Everlasting Income Lakehouse Capital.

Financial Services Guide Privacy Policy Terms of Service Subscription Terms of Service ACN: