You were holding RBD thou?
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If really interested in chicken, could have bought Proten on Unlisted. From 70c to 110c over the last year, plus divvies.
Well we enjoyed eating Bambi.
Larry the lamb was nice with mint sauce.
Daisy the pig went down a treat.Made great bacon too.
Timmy the Turkey was enjoyed by all on Christmas day.
Stevie the Steer we have not managed to catch ,so we will have to eat the chooks for awhile yet.
should list well I think
Any company which has a key input cost associated with a volatile commodity is exposed....
Have come to the conclusion I don't yet have a buy/sell opinion on Tegel. There are other players in the NZ market that operate better than them but that doesn't preclude the IPO from being a success.
I think it wont do too bad - prob get up to around $2 - $2.50, giving a nice div too. There is definitely a fair few signs private equity has pulled what they can out of things - e.g. selling factories and leasing back. But what is left is substantial, Tegel looks to be a solid business and good value at $1.55 with the private equity continuing to hold a big chunk. We can thank the poor buggers who bought DSE for the low strike price!