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10.5¢ farm pride foods limited

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MarsC

4,289 Posts.

467

02/12/16

13:17

Post #: 21060863
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Originally posted by Schubert^ ↑

Good point - I'll check next time.

Pretty sure that the Metro Woolies' private label is supplied by either Sunny Queen or Pace Farms (more likely the former).

Supplying private label is a bit of a mixed bag - you're depriving your competitors of the opportunity while accepting a lower margin. This will depress the potential of (temporary) high margins from an increasing supply of free range eggs in the future.

So where does that leave us? Mostly back to where we started - a company with no debt, trading at a P/E multiple of 7.5, with short-term capital requirements, with a product for which demand should not foreseeably decrease, and a strong capacity to pay-out a sizeable fully-franked dividend in the future.

Conservative investors sleep well.

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In a business that is generating an attractive return on its capital for only, perhaps, the second year in its history. Will the pendulum swing back? Is there a temporary industry-wide lift in profitability, or is there a structural change occurring within FRM?

Last edited by MarsC: 02/12/16

FRM Price at posting: $1.60 Sentiment: None Disclosure: Not Held
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0 Great analysis

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Last 10.5¢		Change 0.000(0.00%)		Mkt cap ! $22.83M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	49000	10.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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4	56219	0.100
1	4924	0.088
1	36000	0.060
1	12500	0.040

Price($)	Vol.	No.
0.130	18300	2
0.135	6677	1
0.160	122331	2
0.170	13000	1
0.190	4615	1

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