I expected it to drop below $1.00 but it didn't happen. It may go up when demand for consumer staples go up during second half of this year.
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Dropped by 4.5% ahead of results. What will happen tomorrow is anyones guess. There'll be suprises in store I'm sure.
Yes dropped right away to the close ... glad I took my trade ..not to greedy (for once!!!!)
Could well be a smart BUY on the close
No matter which way it goes there will be a gap come tomorrow morning.
So will it be chicken breasts, chicken heads or the bishop nose today?
I see some souls bailing out yesterday ahead of the results today - do they know something (insider trading stuff) or are they simply nervous despite all the bravado talk?
34.2 million NPAT and 4.10 cent dividend. Growth expected next year. In line with my expectations. Pretty happy overall and expect a decent day ahead of trading.
Pretty classy presentation
https://www.nzx.com/files/attachments/260622.pdf
Pity they mentioned the PFI numbers ....but that's all dusted and forgotten eh
So sell 7k tonnes more chicken for increased sales of $31m but Gross Profit down $2.3m because the cost of sales were up $34m. I thought feed was cheap as at the moment.
So pricing not the only thing affecting margins
Just as well (as some say) the local pricing issues are easing. So F18 better prices will feed straight through to the bottom line ...that's good, might offset the costs side