Silver Ferm Farms

[percy]

Thanks Sideshow Bob. 1-2% margins makes airlines margins look fat !!
Nice ramp Percy
Agree Iceman, looks cheap on paper but needs to be VERY cheap with no growth, wafer thin margins, aging plant and equipment and the genuine prospect, (Ashley Bloomfield thinks this is more likely than not), of another breakout of Covid in the community potentially causing mayhem to processing.
High potential returns and high risk is my initial assessment. Could be okay for a modest portfolio allocation ?...I need to stop asking awkward questions, (thank you for your time and patience guys), and do more reading.

In hindsight,had some one a year ago had the foresight to say SFF would pay a fully imputed dive of 5.4 cents per share [8.3% net or over 12%gross], we would have said they were ramping.
The 2018 annual report set out SFF Ltd's objectives.The 2019 annual reports confirms they are meeting those objectives.[Doing as they say they will do]
Both SFF Ltd,and SFF CoOp have very strong balance sheets, little debt in Ltd ,and no debt in the CoOp.On huge revenue, as McDonalds have proven, you do not need large margins to make good profits. The future for "grass feed red meat" is bright ,as more people want to know what they are eating,and where it came from.Again there looks to be a food shortage in China this year,which should under pin the price we sell meat to them at.