Its a real pity to see an Aussie agri stock getting hit down with this virus, a real kick in the guts for the company and its employees IMO.
Literally been paying top dollar for feed stock for the last 4yrs, kiling any margins combined with egg price wars, now some respite and likely lower feed stock price, things looking up, and the company is struck with this virus... It really is a pity and I feel for those directly and indirectly suffering because of the AI outbreak...
With the revenue stream drying up, I cannot see how the business can get out of this one without monetary support... It may have to raised capital on the market... Time will tell... Based on the macro environment I am bullish on FRM (and ING for that matter), but with this outbreak it definitely isn't a safe investment.
FRM Price at posting:
17.0¢ Sentiment: Hold Disclosure: Not Held
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