Good debate and I agree that the cash expense from increasing flock roughly matches the amortisation of the flock and that is where the difference comes in.
The oversupply comment and increase in inventory are where my concerns lay. However, not to the tune of the decrease in SP following the announcement.
I think management owe it to the loyal shareholders to release a statement explaining their expectations and interpretations of results better. I like their no fuss style, but when the market reacts like this I think they need to divulge a bit more information. They didn't even mention South Korea - this has to impact the oversupply.
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12.8¢ |
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0.003(2.00%) |
Mkt cap ! $20.96M |
Open | High | Low | Value | Volume |
12.5¢ | 12.8¢ | 12.5¢ | $25 | 198 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 127 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 544 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 127 | 0.125 |
2 | 18962 | 0.110 |
1 | 19037 | 0.105 |
3 | 100434 | 0.100 |
1 | 72702 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 544 | 1 |
0.135 | 57136 | 3 |
0.150 | 100000 | 1 |
0.160 | 22130 | 2 |
0.170 | 13000 | 1 |
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