Tegel IPO

[trader_jackson]

Slide 6 in preso has some nice charts.

If you take their revenue and divide by production ou get a good feel for pricing of the finished product (say yield per tonne)

f17 yield was $6,152/tonne down from $6,252/tonne in F16

Current (average prices) are 5.8% less than FY15

I'd say talk of increased prices is just wishful thinking - chicken is really just chicken after all - winning consumer preference on price.

Headline in NBR today: "Tegel says the chicken pricing war is over"... should be onward and upward from here right?
(then again, I also thought they said the pricing war was already over a year ago...)

The whole export story thing as well is interesting, I see they managed just 1% increase in exports.

[winner69]

Headline in NBR today: "Tegel says the chicken pricing war is over"... should be onward and upward from here right?
(then again, I also thought they said the pricing war was already over a year ago...)

The whole export story thing as well is interesting, I see they managed just 1% increase in exports.

t_j - that 1% increase in export revenues was on the back of 7% volume increase

Sell heaps more for not more .....hmmm