I expected it to drop below $1.00 but it didn't happen. It may go up when demand for consumer staples go up during second half of this year.
Yes lots of roast chickens >> not sure if I'll trade again but would be tempted if it drops to 1.15-1.16
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Yes dropped right away to the close ... glad I took my trade ..not to greedy (for once!!!!)
Could well be a smart BUY on the close
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
So will it be chicken breasts, chicken heads or the bishop nose today?
I see some souls bailing out yesterday ahead of the results today - do they know something (insider trading stuff) or are they simply nervous despite all the bravado talk?
34.2 million NPAT and 4.10 cent dividend. Growth expected next year. In line with my expectations. Pretty happy overall and expect a decent day ahead of trading.
So sell 7k tonnes more chicken for increased sales of $31m but Gross Profit down $2.3m because the cost of sales were up $34m. I thought feed was cheap as at the moment.
So pricing not the only thing affecting margins
Just as well (as some say) the local pricing issues are easing. So F18 better prices will feed straight through to the bottom line ...that's good, might offset the costs side
Last edited by winner69; 27-06-2017 at 09:01 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by JBmurc
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