I've noticed that sellers of SAFM have virtually dried up in recent weeks. Maybe that steep fall from 40c to 15c shook the tree sufficiently and has removed those who fear the worst. In the first two weeks of July only 861,530 shares changed hands, which is a mere 0.35% of the 241.2m total. I reckon that bodes well for the future. I also guess that fears around Europe will subside if China keeps buying EU bonds to contain the sovereign debt. With Phil Hopkins as CEO I also feel more optimistic SAFM can meet or even exceed it targets. He's got an excellent track record. I now guess the SP will hit 50c - 80c within 12 months. Fingers crossed guys!
SFZ Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held