Tegel IPO

[couta1]

There is an article in the Herald this morning regarding those earning top dollars should have to produce top results to justify that money. The attached table in the article shows the packages that all the CEO's of NZ's main listed companies receive, futher highlighting how outrageous Mr Hand's salary is. It stands out like a sore thumb and is an insult to shareholders. Wouldn't be happy holding the stock based on this alone.

[winner69]

780k this year, so he knows what it's like to get a pay cut for underperfomance!

Luxon at Air Nz gets nearly that much extra for staying on at AIR .....on top of all his other payments

[Meextr]

Tegal is hot again.

[Fatboyj]

Ditch the drumsticks. Will be breast tonight.

[hardt]

CHICKEN BREAST RETAIL VWAP
	Dec-15	Jan-16	Feb-16	Mar-16	Apr-16	May-16	Jun-16	Jul-16	Aug-16	Sep-16	Oct-16	Nov-16
	14.62	15.45	15.64	14.24	15.01	15.18	14.35	14.44	14.41	13.52	13.42	13.75
	Dec-16	Jan-17	Feb-17	Mar-17	Apr-17	May-17	Jun-17	Jul-17	Aug-17
	12.81	14.51	13.95	14.49	14.61	14.16	14.35	14.81	14.55

VWAP Chicken Breast $.JPG

[TheHunter]

Nice data, prices recovering. Where did you source this from?

[hardt]

Nice data, prices recovering. Where did you source this from?

Data extracted by myself from the Food Price Index monthly releases - http://www.stats.govt.nz/browse_for_...-releases.aspx

Page three in the excel spread sheet are the retail VWAP for certain food types.

[TheHunter]

Data extracted by myself from the Food Price Index monthly releases - http://www.stats.govt.nz/browse_for_...-releases.aspx

Page three in the excel spread sheet are the retail VWAP for certain food types.

Nice, thanks for sharing. Its the glut in the market that saw Tegels margins fall. When prices recover, so will Tegels profit.

[steveb]

was in countdown last night,they had Ingham no16 chucks on special for $7.00.One has to presume they have come from aus.
My question would be how on earth can they process and ship them to supermarkets in NZ at that price.Should TGH be worried?

[winner69]

Nice, thanks for sharing. Its the glut in the market that saw Tegels margins fall. When prices recover, so will Tegels profit.

Stats NZ also say record production of chicken meat in June quarter - some 58,000 tonnes which was 10% up on pcp

Another glut on the way?

Or maybe a reflection of demand and Tegel in for boom times again?