FRM 4.17% 11.5¢ farm pride foods limited

Ann: CEO's Address to Shareholders, page-7

  1. 1,006 Posts.
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    Hi Rush-in
    Thanks for the feedback and commitment to attend AGM.
    Yes I got the same vibe from the slides that it must have been pretty low profile. I do not understand it as last year AGM was very full on with very detail financial outlook/feedback which was even imo price sensitive but they did not post it as such.
    IMO they are very vague with all the assumptions like price pressure for H2 15 or diseases etc unless the business is getting a better profile now and they don't want to over promise.
    But overall AGM must have been ok as the price did not drop afterwards and we can see some buying at 59c. Current market cap only is like only buying their land/property and the revenue and future cash flow is a bonus. I can't believe it is still sitting at that price!
    Well we need to wait till Feb now, hopefully ACCC will be finalised as you mentioned - it is a drag really.
    Also they really should pay at least 1c dividend, it won't hurt them.
    How is the new director? Seems switched on?
    Thanks again!
    Last edited by Didak: 23/10/15
 
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