FRM 4.00% 12.0¢ farm pride foods limited

$2.69 down to $1.65. I would guess the market has priced this...

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    $2.69 down to $1.65.

    I would guess the market has priced this with a lower hy than last. It might pay to wait for the result and see what m pressure there was with the spring flush in free range. If there is going to be any weakness it will come in the first half from free range. Earnings are slightly weighted towards the second half.

    I would expect there will be no pressure on any other part of the business because there is no investment at all. I am not pricing in any exported product. I would be surprised if people increased their consumption at those lvls for much longer, but we do have a pop growing at 300k pa.
 
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