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30-08-2017, 11:11 PM
#1071
Junior Member
The quality of some of their freshly branded frozen patties and the like are pretty shoddy. I wouldn't put too much hope into this segment of product growing too much. Me and other students bought them a few times and then gave up because there's only so much frozen rubbery chicken you can put yourself though.
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01-09-2017, 09:44 PM
#1072
Small mention of Ingham NZ in their August report. Worth a read
http://investors.inghams.com.au/Inve.../?page=results
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07-09-2017, 08:50 AM
#1073
Wow -Tegel might grow earnings F18 - couldn't really say they'll make less could they
CEO says -
So looking at FY18, based on the current market conditions, holding domestic market share, with on- going domestic consumption growth of 4-5% and continuing exports, we expect to deliver an increase in underlying EBITDA from the level at FY17.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-09-2017, 10:35 AM
#1074
Originally Posted by winner69
Wow -Tegel might grow earnings F18 - couldn't really say they'll make less could they
CEO says -
So looking at FY18, based on the current market conditions, holding domestic market share, with on- going domestic consumption growth of 4-5% and continuing exports, we expect to deliver an increase in underlying EBITDA from the level at FY17.
Wonder if they have learnt anything from the debacle of the listing?
Under promise and over deliver!
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07-09-2017, 10:58 AM
#1075
Originally Posted by winner69
Wow -Tegel might grow earnings F18 - couldn't really say they'll make less could they
CEO says -
So looking at FY18, based on the current market conditions, holding domestic market share, with on- going domestic consumption growth of 4-5% and continuing exports, we expect to deliver an increase in underlying EBITDA from the level at FY17.
Same thing was said in their FY17 AR.
Minor increase in EBITDA, debt dropping from $250m > $120m this will allow a fair reduction in repayments flowing through to the bottom line.
Solid 5-10% NPAT growth.
Last edited by hardt; 07-09-2017 at 10:59 AM.
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07-09-2017, 11:09 AM
#1076
Originally Posted by hardt
Same thing was said in their FY17 AR.
Minor increase in EBITDA, debt dropping from $250m > $120m this will allow a fair reduction in repayments flowing through to the bottom line.
Solid 5-10% NPAT growth.
Hardt - theyve already had that debt benefit as the $130m was repaid from IPO funds in May 2016 so won't be much flowing through from lower interest payments in FY18. I do think though that they want to establish an under-promise, over-deliver set-up for H1'18 as mgmt have been burned by the aggressive IPO forecasts.
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07-09-2017, 11:52 AM
#1077
Originally Posted by Arbroath
Hardt - theyve already had that debt benefit as the $130m was repaid from IPO funds in May 2016 so won't be much flowing through from lower interest payments in FY18. I do think though that they want to establish an under-promise, over-deliver set-up for H1'18 as mgmt have been burned by the aggressive IPO forecasts.
It was paid through April - October, so we can expect some of the repayments between then to have affected the bottom line.
Totally agree this is more or less a conservative forecast.
Last edited by hardt; 07-09-2017 at 11:56 AM.
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07-09-2017, 07:58 PM
#1078
Attachment 9155
Thought it would look better than it did, correlation is there, not sure if it matters or not.
Here is the data used for the chart, monthly OHLC.
Date |
Open |
High |
Low |
Close |
Poultry $ |
30/04/2016 |
1.69 |
1.71 |
1.59 |
1.68 |
15.01 |
31/05/2016 |
1.68 |
1.70 |
1.56 |
1.65 |
15.18 |
30/06/2016 |
1.64 |
1.68 |
1.61 |
1.65 |
14.35 |
31/07/2016 |
1.65 |
1.80 |
1.63 |
1.76 |
14.44 |
31/08/2016 |
1.76 |
1.76 |
1.50 |
1.51 |
14.41 |
30/09/2016 |
1.52 |
1.60 |
1.44 |
1.51 |
13.52 |
31/10/2016 |
1.51 |
1.52 |
1.44 |
1.47 |
13.42 |
30/11/2016 |
1.48 |
1.59 |
1.29 |
1.45 |
13.75 |
31/12/2016 |
1.45 |
1.46 |
1.30 |
1.34 |
12.81 |
31/01/2017 |
1.35 |
1.37 |
1.26 |
1.28 |
14.51 |
28/02/2017 |
1.28 |
1.30 |
1.12 |
1.13 |
13.95 |
31/03/2017 |
1.13 |
1.23 |
1.12 |
1.19 |
14.49 |
30/04/2017 |
1.19 |
1.19 |
1.05 |
1.06 |
14.61 |
31/05/2017 |
1.06 |
1.26 |
1.06 |
1.26 |
14.16 |
30/06/2017 |
1.26 |
1.35 |
1.23 |
1.25 |
14.35 |
31/07/2017 |
1.25 |
1.34 |
1.21 |
1.24 |
14.81 |
31/08/2017 |
1.24 |
1.25 |
1.22 |
1.23 |
|
Last edited by hardt; 09-09-2017 at 10:25 PM.
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08-09-2017, 09:34 AM
#1079
Member
Originally Posted by hardt
Thought it would look better than it did, correlation is there, not sure if it matters or not.
That looks good, definitely a correlation there with a few month of price reaction delays. If the uptrend continues, FY18 forecast should be decent
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08-09-2017, 09:37 AM
#1080
Originally Posted by Dust
That looks good, definitely a correlation there with a few month of price reaction delays. If the uptrend continues, FY18 forecast should be decent
but the red line has headed down since july
good to see what you want to see eh?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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