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Thread: Tegel IPO

  1. #1181
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    Quote Originally Posted by Balance View Post
    Sign of the times - boneless breast meat on sale at $6.99 at Mad Butcher and $7.99 at the local Pak n Save. You would struggle to buy that at under $10 a year ago.
    Noticed at Pak n save in my last two visits chicken drum sticks going cheap at $3.99/kg.

  2. #1182
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    Quote Originally Posted by sb9 View Post
    Noticed at Pak n save in my last two visits chicken drum sticks going cheap at $3.99/kg.
    Try the Asian grocery stores - they have them on specials at $2.99 kg from time to time!

    I buy them just to boil for a great chicken soup base!

  3. #1183
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    Quote Originally Posted by Balance View Post
    I buy them just to boil for a great chicken soup base!
    chicken soup? - times must be tough mate!

  4. #1184
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    Quote Originally Posted by winner69 View Post
    Stats NZ Food Price Index has chicken breasts at multi year lows

    Downward trend in price continues

    Cant be good for Tegel
    Tegel did get a bit of a hospital pass on listing. A price war with Inghams combined with i think both increasing production while feed prices at a low and still at a low i think. Their time will come when the cycle changes but who wants to be holding in the meantime.

  5. #1185
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    Quote Originally Posted by Joshuatree View Post
    Tegel did get a bit of a hospital pass on listing. A price war with Inghams combined with i think both increasing production while feed prices at a low and still at a low i think. Their time will come when the cycle changes but who wants to be holding in the meantime.
    Hospital pass — well timed IPO then

    But then Claris still owns 45% of Tegel
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #1186
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    I actually think Tegel represents pretty good value at the moment. A market cap of 320m for a company that has and will be around for a very long time. Sure its underperformed significantly but I think that has now been factored in.

    It pays a good dividend which should be sustainable and given the current SP any growth at all would be a bonus as its only an underlying PE of less than 10.

    However probably safer to wait until they at least deliver one result that isn't behind market expectation.

  7. #1187
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    Quote Originally Posted by Filthy View Post
    chicken soup? - times must be tough mate!
    Haha - nothing quite like authentic high quality chicken soup with all the lovely ingredients (scallops, crayfish, prawns and mushrooms) to make one feel at peace with the world!

  8. #1188
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    Quote Originally Posted by winner69 View Post
    Stats NZ Food Price Index has chicken breasts at multi year lows

    Downward trend in price continues

    Cant be good for Tegel
    Now $6.99 - with thighs now on sale too now at Mad Butcher at $3.79 kg!

  9. #1189
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    Quote Originally Posted by Filthy View Post
    chicken soup? - times must be tough mate!
    A good medicine, relied on by many Mothers in winter ... Oy vez !!..

  10. #1190
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    Chickens on specials again at local Pak n Save - chicken legs at $4.99 per kg and drumsticks at $3.99 kg.

    No end in sight to low prices (yahhhhh!) and global prices are dropping now as well.

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