I do find it amusing that there are a fair few comments when there is no news, then a quarterly comes out, with plenty of information about company performance and.......donuts, no one has anything to say!
Anyway, a solid quarter on review: - Decent sales growth with 40% for Dairy and 7% for Chicken - Dairy range being expanded shortly, but I am not clear what this is yet? - Chicken volumes to continue increasing, more sheds being added later in the year. - No mention of Wasabi, doubt it really impacts the business, maybe they should sell it off if non-core? - Cashflow looked healthy enough - Margins were challenged due to grain price (ie: drought)
Looks decent enough, but nothing in there to get the broader market excited and buying up shares at this point, need to see some sort of inflection point here.
TFL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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