Eggcellent, page-122

Look how much cost they took out of the business: headcount, green energy implemented - water gathering etc, modern state of art automation machinery removing human input, removing unprofitable supplier contracts, deleting loss making small food service division, full debt repayments, packaging and pallet stacking robots, more automation to come. Management has 30 years of experience in egg industry and its bringing newest technology inhouse. They are sharp and CEO is a gun. That boosted profitability and cash flow. Not sure if any competitors behind top two have that kind of cash flow to modernise their business. That is why i think it is sustainable what they have done and whats to come and giving them competitive advantage. Maybe earnings won't grow yoy but i dont think its going negative or break even. I d be happy with 8 mil npat yoy and 12 mil ocf.

Lets not forget growing egg demand and their free rane expansion including products now like 750 hen per hectare...no one has it in the market... Free range also has higher margin. Supermarkets might squeeze them but small players will suffer. Also they have national contract with private label for coles. They cant make frm or pace farm bankrupt cause of margin squeeze - they need eggs on shelves.
It brings us to a point of industry consolidation or merger.
Good luck with your analysis but I hope you do not spend all that time and you gonna invest 5k lol.

My prediction is also 2.25 by same time next year.