FRM 4.76% 10.0¢ farm pride foods limited

It would have been nice to have some additional commentary about...

  1. 1,478 Posts.
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    It would have been nice to have some additional commentary about the land purchase. All that is mentioned is the price c/w sheds - but no indication of the approx number of birds, or impact on production numbers. It would have been nice to have a statement "Approx. xx% increase in eggs produced from 1Q18"... Otherwise there is no way that SH's can gauge the impact of the purchase on production, revenue or estimated profits. $2M is a significant amount of EBITDA or profit, so I for one would like some further information here. I am happy that they are building more farms though, better way of growing the company than buyback or divvy - will be interesting to see how the market reacts though.

    Presumably they have factored in additional production into the 20% reduction in EBITDA in FY18 - which is a little concerning as baseline numbers / egg produced must be >20% reduction.

    Happy holding this one, the partnership with Oritain IMO will continue building Farm Pride into the premium provider of eggs.
 
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