FRM 3.00% 9.7¢ farm pride foods limited

My general thoughts for the full year are: - Increased...

  1. 243 Posts.
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    My general thoughts for the full year are:
    - Increased production coming on line around now will increase revenues (and expenses)
    - Egg industry over production will crimp margins a little from the previous full year.
    - Debt to be reduced further, and with major capex completed the company will be producing more cash than this year.
    - Hoping that base salaries aren't increased further. A 25% pay rise last year was generous enough. If the results come through with maintained / improved margins, I will be be ok with additional bonuses going to Bruce. One fewer directors (at least for now) will offset costs somewhat.
    - Company to sit on cash, but it would be nice for them to deliver a small one-off dividend. They already have $5M in franking credits piling up.

    But, this is a nearest to pin competition for the HY. I'll admin Didak I don't do P&L modelling as you do, just more general estimates (I mean guesses).

    HY Revenue guestimate: $49M
    HY Expenses guestimate: $45M (A little up on last year)
    HY Earnings guestimate: $4M
 
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