If the results are that good it will definitely help the share...

If the results are that good it will definitely help the share price!

I never attempt fancy calculations like this, but from the AGM presentation it is hard to see how it could fail to be an improvement on last year. Egg prices seem to be higher than last year, e.g. $6.50 at Woolies for a dozen 700g free range eggs https://www.woolworths.com.au/Shop/...e=farm-pride-free-range-eggs&productId=121861 (or $5.99 for 600g), compared to about $5.50 as an average for free range on page 26 of the AGM presentation. OK, the figure in the presentation is an industry average, so FRM's prices have probably not gone up that much, but it still suggests that their prices are holding up well.

As Cpt and I have been saying, the market is pricing in no growth, which works in our favour if there is any growth to speak of.

I accept MarsC's point that this is not a business with a wide moat, but at current prices it doesn't have to be.