Well said Cpt. Supermarkets need to source from main players as they are stable and guarantee supply comparing to risk of small players inconsistency.
I also agree that eggs are still cheap, our salaries are quite high and our eggs are the same prices as in eastern europe... Come on this is a joke. So much potential for price increase, you can buy 3-4 boxes of eggs for price of 1 pack of ciggies... In europe its 1 for 1 lol.
Re wheat/feed there is a global oversupply, there is so much grain that its not fitting in warehouses and they store it on a carparks. Prices are diving and you said Bruce will lock in good deals this month. Wheat was 800 back in 2014 vs 400 now back and they managed to pull off a great result with a 15 mil debt on books and double feed cost. So i am not worried about wheat analysis yet.
Not sure if frm is supplying to Aldi but if aldi cannot get 100% demand from current supplier they will come to FRM. Time will tell.
Also any oversupply can be packed into frozen good value added products with 2 years shelf life and exported or offered and good price levels to food service.
One more thing, once accc appeal is done in frm favour the company will get 500k to 1mil expenses back.
FRM Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
(20min delay)