Remuneration is on P14 of the annual report. Looks ok as far as Directors fees. A bit on the high side but not excessive.
Farm Pride are in a price taking industry. They compete for supermarket space and price is driven by the supermarkets & consumers. It is how they control their costs that is crucial. After a long drought with high grain prices you would have to think margins have been squeezed.
Now we have rain right up the east coast maybe there will be some relief and margins go back to sustainable levels.
Like with most primary industries; buy when it's bad. The good times will come if they survive.
FRM Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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