Well done on a competition cuturhair! As a reward you can go and relax by playing golf over the weekend
Good point over the next commitments. Yes operating cash flow was heavily impacted by tax - additional $million. Also they bought lots of flock to populate new sheds - dunno how much and inventory 1.5 mil. So maybe the flock was ~1 mil?
Also maybe the cost of feed went slightly up as they need to feed young chooks and pay for the feed to suppliers but they are not producing eggs yet hence receipts from customers do not reflect it.
It looks like it will stabilize now going forward. Good to see that capex is normalizing as well. Major project finished so that will help operating cash flow in h2. They just finally got it out of the way.
FRM Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
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