@CptAwesome
I'm going to try to make this my last post here (until xmas, anyway! ;-] ), as I sense I have long over stayed my welcome.... :'(
It's quite possible that we are currently in a long term cycle comprising high grain prices (over the last 10 years or so). I honestly don't know. My point is that over the medium to long term, i don't believe FRM has the competitive myscle to sustain a high return on its capital. In fact, I believe a mediocre return is more likely. So if in the short term past, grain prices have provided a boost to ROE, I am not willing to perform a valuation that assumes such an ROE can be sustained.
Sure, whatever margin pressures act over the longer term, will give time for the industry to reach some equillibrium. I just suspect that the equillibrium condition will not comprise highly attractive returns on capital.
Why would i expect, what looks like a 2 or 3 year transitionary period, to comprise the ever after?
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@CptAwesome I'm going to try to make this my last post here...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $26.09M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $1.469K | 12.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 110761 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.115 |
2 | 46500 | 0.110 |
1 | 500 | 0.105 |
1 | 25000 | 0.100 |
1 | 107312 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 110761 | 1 |
0.135 | 107680 | 2 |
0.145 | 16895 | 2 |
0.160 | 3375 | 1 |
0.170 | 13000 | 1 |
Last trade - 10.55am 18/09/2024 (20 minute delay) ? |
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