"A good year for meat but also an outlier"
https://www.farmersweekly.co.nz/a-go...VTJTQtT1Fn3QGk
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"A good year for meat but also an outlier"
https://www.farmersweekly.co.nz/a-go...VTJTQtT1Fn3QGk
Share price starting to recover after recent dividend.
None on the offer currently. 52 week volume has been heading steadily upwards - now 4.8m, I think at one stage was low 3m's.
Decent volume through today. Steady at $1.50.
Come on everyone https://meattheneed.org/
Latest forecast from SFF is lamb schedules to be in the $6.50 - 6.70 range for the 1st quarter of 2023 - large drop from this time last year - about $35-40/head less income for farmers.
End of financial year coming up - while would have to think most of the year would have been very positive, might dampen down the 2022 result with markets going down and value of stock instore.
Beef prices heading south also, and below this time last year - but it seems to be reported that might be a more temporary situation.
Attachment 14382
While nothing much showing on the offer, still relatively regular trading over the last few days at the $1.50 level.
Inching towards the 5m shares traded over the last 12 months. That means just under 5% of the company has been traded. Must be plenty of happy farmers/holders out there.
While markets finished the year on a downer, expect 2022 (YE 31/12) still to pump out a very very good result. Now just to wait.....:sleep:
Was quite a few parcels on the offer earlier in the day, but someone has just clean out them all at once. About 65k shares in total, all at $1.50.
Share price seems to be locked on $1.50 for about the last 6 weeks. Over that period, been about 60-odd trades and about 640k shares traded.
Still plenty on both the offer/bid.
Would have to think buyers will get a nice dividend feed in another few months.....:)