Stayer thanks for the feedback on inghams.
Re your price drop inquiry, i believe it is more due to the current very long time investors selling out as they have not seen these prices for 10 years. Also please note that probably Zelko is selling out his last parcels of shares as well as he used to have >2 mil shares.
I do not think it is due to the pricing pressure, in the report they mentioned they struggle to maintain service levels and keep up with free range eggs demand. Also their eggs are the cheapest on the market therefore there is no need to drop the price even further. I like the fact they say there is a balanced supply for H1.
All in all the price settles at this level for a while and after H1 3 mil npat, 2 mil debt, another 5 mil op c flow and ideally accc case finalisation we will pass 1$ mark.
Interesting to see what will come out of agm presentation. Hope they will provide ebitda guidance like last year.
Stayer thanks for the feedback on inghams. Re your price drop...
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