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4.35%

12.0¢ farm pride foods limited

US eggs running on an 8yr low, page-11

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Didak

1,006 Posts.

63

20/06/16

17:41

Post #: 18076507
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Originally posted by ajg5 ↑

1500 hens per hec is now the standard so all the producers have to adjust.

Shortage at this time of the year. I am thinking that the next price negotiated for eggs will increase because of the shortage. I know what you are saying and I do the same thing, but I do notice that the FRM boxes are empty and haven't been taken away a lot of the time.

I would be concerned if it was an oversupply like the milk situation, but a shortage is good for holders and bad for consumers.

I don't have this as my second largest holding because it is illiquid and the price moves around a lot.

I have priced in $7.5m and I think that it is a buy at these levels. If $9+ is reported then this is particularly cheap. If $6M then it will drop.

Hope this helps.

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The new standard is 10,000 per hectare as per government. 1,500 is rspca bollox. Unless therr are new news and i missed it. But frm had already in place 750 per hectare facilities. Company is building supply strongly. The result should be 8 mil I believe.

FRM Price at posting: $2.07 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.0¢		Change 0.005(4.35%)		Mkt cap ! $26.09M

Open	High	Low	Value	Volume
12.0¢	12.0¢	12.0¢	$1	8

Buyers (Bids)

No.	Vol.	Price($)
2	108953	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	18800	3

View Market Depth

No.	Vol.	Price($)
1	90000	0.105
4	92065	0.100
1	107312	0.093
1	4924	0.088
1	36000	0.060

Price($)	Vol.	No.
0.130	18800	3
0.135	6677	1
0.160	122331	2
0.170	30650	2
0.190	4615	1

Last trade - 10.21am 11/10/2024 (20 minute delay)

FRM (ASX) Chart