FRM (ASX) Ann: Guidance for FY15 Trading Result

Originally posted by Didak ↑

good question - I personally would prefer acquisitions of the small boutique farms rather than giving away the money. That would create more value to the shareholders, especially that they are capable of generating 10 milion of cash each year.

Anyway, I believe that to some the price might be a still shocker of how cheap it is. If it was any other company it would be 1$ a share long time ago. Basically it is so undervalued it should be a vertical climb that is why someone is loading into it since announcement on the 3rd. There have been 1.6 milion shares traded - that is a lot = 3% of the hole shares.

I agree some long holders are selling cause last time they saw that price was in 2007. Before GFC....ancient history really. However the company is different now, I believe they will touch $5 milion net profit with 10 milion operating cash flow, 6 milion debt and 94 milion sales, and still being valued as 22 milion capitalisation. It does not make sense. Why? Because people are somehow scared of egg industry. So let me share with you my view of the egg industry:

- everyone is screaming about chickens which are kept in unreasonable conditions and the matter has been publicized so much that it feels we should keep those chickens in Hilton or Sheraton condition. But on the other hand the same people are using iphones or other tablets which are assembled by children little hands in china. And that is apparently ok. the same people are wearing nice sport outfits made in Pakistan or Bangladesh by American company by people who work 20 hours a day and around 130 of this people die a year in those countries due to the exhaustion from work. and this is apparently ok as well. Also apparently all the eggs should be free range because some single metrosexual marketing director or single finance chick from corporate world demands it cause it has too much income to spend. So it is groovy to eat organic 12$ eggs. I have been to stores, and I have been watching who buys eggs. And believe there is nothing more heart breaking than seeing a single mom with 3 kids walking to a store and buying 30 cage eggs for 9$ so the kids can survive the week. Give me a break about all the chickens treatment cause it is becoming boring.
The population is growing and the chickens are here to lay eggs for us. Egg is the best and cheapest source of protein, fat and amino acids and 98% of the population eats it. 45% of the eggs sold are still cage eggs and with the financial struggle looming over Australia, cage eggs will stay and I see nothing wrong with it.

In my humble opinion, egg will become more important and FRM is greatly position to capitalize on it. Once the world realize that there is no threat to the industry this stock will be 1$ same time next year. It is poised for greatness.

I cant wait for the results Guys as as you I have been in this stock since July 2013. I believe we will be rewarded. The company is getting noticed, thats for sure.

Expand

not much frm product on my local woolies store.
many other products much choice for consumers.
liked how they did some advert on their cartoons last year BCN & movies? that might be a nice earner
watched this from the ipo days had its fair share ups and downs for various reasons.
dont think anyone can confidently predict its future

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0.105	7550	1
0.115	42950	3
0.120	20389	2
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(20min delay)
Last 10.0¢		Change 0.000(0.00%)		Mkt cap ! $14.38M

Open	High	Low	Value	Volume
10.0¢	10.0¢	10.0¢	$278	2.784K

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