Yes, very happy with the result. OCF is the most pleasing number to me and 2nd the fact that they managed to spend over 3 mill cash on their new farm, after paying off 2.8 mill debt, beauty!...
@Usman1 don't think they will go into FRC meat etc, as last time when I talked to Malcolm, he mentioned those chickens are a very different proposition, being only 2-3 weeks old and meet processing is a very different business. But I do think its matter of time they should be start exporting dry egg white to China. This would be my first question to them when I meet them in next AGM.
In case anyone wondering, with FY EBITDA of $15.8(m), EBIT of $11.6(m) , NPAT of $7.9(m), and OCF of $13.3(m) + no debt, ROE is now HUGE 22.5%, with Intrinsic Value of $2.78. So right now, as of today, FRM is trading at a MASSIVE discount of 32.5% of it's Intrinsic Value and there is still some nice profit to be made from this little beauty.
I'm sitting on my holdings next 6 months and if the market has a moody day, adding more.
Again, this is simply my own view of FRM.
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Mkt cap ! $15.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 86 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 33805 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 86 | 0.115 |
2 | 28796 | 0.105 |
2 | 79006 | 0.100 |
1 | 72702 | 0.094 |
1 | 107312 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 33805 | 2 |
0.145 | 6900 | 1 |
0.170 | 13000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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