FNB portfolio manager Wayne McCurrie said the Astral story was all about"input costs", but showed the volatility of the poultry industry, and how difficult it was for management to get its timing right to maximise margins.
Casparus Treurnicht, portfolio manager and research analyst at Gryphon Asset Management, said conditions had never been tougher for Astral, which only recently had been performing well.Chicken production and the egg business are extremely cyclical, and things can change overnight.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Severe interim earnings slump for Astral FoodsJSE-listed poultry producer AstralFoods has warned investors that its earnings for the six months to 31 March 2023 will be less than pleasing with a slump of as much as 92%. Moneyweb Matshoba_A AstralFoodsEarnings
Source: Moneyweb - 🏆 5. / 77 Read more »
The MANCOSA East Coast Radio Business BreakfastGet ready for a morning of inspiration and invaluable insights from some of the most respected and successful business professionals in South Africa MANCOSAECRBusinessBreakfast
Source: ecr9495 - 🏆 38. / 51 Read more »
BUSINESS REFLECTION: After the Bell: Reports of the dollar’s death have been greatly exaggeratedMy guess: we are going to have a very long BRICS discussion on the topic, and then very little is going to happen, much like lots of other BRICS talks.
Source: dailymaverick - 🏆 3. / 84 Read more »
PHANTOM SHARES: The Finance Ghost: The Week in Business — life’s a drag at BATWith every year that passes, it becomes harder to drive revenue growth in the traditional smoking business.
Source: dailymaverick - 🏆 3. / 84 Read more »
ESKOM LIVE | Load shedding to escalate to Stage 6 this week as repairs delayed | BusinessAll the latest news and analysis on load shedding, power and the national grid.
Source: News24 - 🏆 4. / 80 Read more »
The cost-effective business solution for getting the latest techThis is how your business can get the latest technology at a reduced rental rate, with no upfront deposits, and hassle-free returns.
Source: BusinessTechSA - 🏆 24. / 61 Read more »