The $A127.7m RFF exposure was upped by $A30m when RFF were saddled with an RFM increase to a $A100m J&F guarantee. So that leaves RFF with $A157.7 exposure (feedlots and guarantee). JBS SA is a Brazilian owned company which shakes up the equation a little now that their 5 Australian feedlots are owned by RFF and their country is about to be top of the COVID-19 pops. I am not sure that Japan, who buy most of their beef from the US, will easily switch to a Brazilian source. We certainly do not have any opportunities in the subsidised EU market. Marketing of the feedlot Australian beef production remains a JBS problem but the $A157.7 RFF exposure remains, albeit a global slowdown in beef production.
This is an RFF problem and no buying opportunity IMHO.
- Forums
- ASX - By Stock
- China JBS Red Meat Ban
The $A127.7m RFF exposure was upped by $A30m when RFF were...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFF (ASX) to my watchlist
|
|||||
Last
$2.13 |
Change
0.040(1.91%) |
Mkt cap ! $826.9M |
Open | High | Low | Value | Volume |
$2.11 | $2.14 | $2.10 | $1.203M | 567.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 249 | $2.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.15 | 20998 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 249 | 2.130 |
2 | 3371 | 2.120 |
2 | 4732 | 2.110 |
2 | 4209 | 2.100 |
7 | 42137 | 2.090 |
Price($) | Vol. | No. |
---|---|---|
2.150 | 20998 | 11 |
2.160 | 4732 | 2 |
2.170 | 27435 | 7 |
2.180 | 3209 | 2 |
2.190 | 14304 | 4 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
RFF (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online