Because they make 22.5% on the book value. Jeez. Yes the costs and expenses can change and they might experience turbulence in the future but which business is safe from it???? I dont think wheat/feed will quadriple in next 2 years. Also this 62.5% input costs include bird purchase and so on. Its just not feed.
It was $ 2.5 cause people were expecting 15% revenue growth so they paid pe16. Growth came with 2% so now we have pe 9(shortage impact). I believe this half we can get 7% revenue growth as inventory is in good levels.
Anyway i will always prefer companies like frm than bal, voc, fnp or srx. Paying 10x book value and believing one off 300% growth is not for me.
I like their strategy, I believe they will have a good year. December sales will be a ripper.
Lets come back in feb and check what happened.
Why I am not buying FRM, page-27
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FRM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.23M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 149000 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 27725 | 2 |
View Market Depth
| Last trade - 16.12pm 17/07/2024 (20 minute delay) ? |
| FRM (ASX) Chart |
Day chart unavailable