FRM 3.00% 9.7¢ farm pride foods limited

A quick movement from here., page-9

  1. 80 Posts.
    lightbulb Created with Sketch. 4
    Where do you get your word on the street from mate? Keysborough is not a warehouse, how can you store eggs? Keysborough is a processing and grading plant where they make the value added products.

    JP Morgan just bought a 5% stake in the company.

    If you read the annual report, over 65% of their costs are raw materials of which 50% of this is feed.
    Wheat crop last season was the biggest on record. Recent rains mean this seasons crop, planting next month will be a bumper crop too. This means the wheat price will tank soon as there is a ton of last seasons grain still being held and there will be nowhere to put the new crop. The $A is predicted to hit over $US .80 which means next seasons wheat will be harder to sell overseas. Again, pressure on prices at home. Not withstanding any unforeseen issues like Avian flu, profits will soar as costs come down.

    So no, not desperate investors with lots of money.
 
watchlist Created with Sketch. Add FRM (ASX) to my watchlist
(20min delay)
Last
9.7¢
Change
-0.003(3.00%)
Mkt cap ! $13.95M
Open High Low Value Volume
10.0¢ 10.0¢ 9.7¢ $29 296

Buyers (Bids)

No. Vol. Price($)
1 2061 9.6¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 2793 1
View Market Depth
Last trade - 15.41pm 28/06/2024 (20 minute delay) ?
FRM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.