I believe it would cross the 500 barrier before this Friday and 600/= before the end of the month.
This is just my opinion. Do your own analysis before taking any decisions
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@porkchops wrote:BFL is one of the meat farms which received BOI approval. It will utilize the latest technology in meat production such as these.
@duke wrote:@porkchops wrote:BFL is one of the meat farms which received BOI approval. It will utilize the latest technology in meat production such as these.
this is funny. there was a promotional video of a poultry processing farm in this post and now it has been removed. there was nothing embedded on that post. it was just a link. view it or not was the shareholders choice. what if this was a plantations share and the video was a tea factory, or a milk producer and shows a farm. i think moderators of this forum have bought poultry shares heavily and making sure its promotion not hindered. if you own a poultry share what's wrong with a poultry farm? you're part of that business. what's so disturbing about that?
@Milindaperera wrote:@3mr: Will reach 500 this Friday? Dont believe in wonders ... BFL is good and will reach this again 1 day .. bt nt this soon IMB...
@Deva wrote:I purchased this stock at the peak (@ 490) and this was in my early days of trading.
I have been holding this, thinking it would appreciate as it's not bad stock.
Is it advisable sell with the big loss? Will this appreciate in the near future (within 1-2 months)? and to what level? Please advise.
@Hawk Eye wrote:BFL-in its annual report in 2008/09 states its planning to set up a large-scale broiler farm in order to minimise Companys dependece on outgrowers. It invsted 120mn in 2010/11 and will invest 240mn following year. This will increase the production capcity 15%-20% per year over 3 years. This means turnover and profit will increase compared to last year.By how much is not known due to the below mentioned problems. BFL will harvest its first batch of birds in August / September 2011.
In the 2010/11 finacial report it states demand slacking due to heavy competition, therefore prices comming down.other reasons mentioned for declining prices are oversupply in market, price decline in fish ect.
Comming quarters will prove how much BFL can improve on their performance whilst the capacity increasing will also fuel the oversupply problem. But theres a major role governement played jeopardising the market duing the seasonal times intervenng to control price and importing egg and chicken.10 mil eggs and 5000 ton chiken imported last year during the shortage time. Competition is going to be immense in comming years
Cost of feed grains which is the major component of the cost of sales is the killer.High oil prices pushed up the grain prices due to the diversion of maize for bio-fuel production.on top of this Government plan to make the country self sufficient in maize and has imposed restrictions through tax and cess.
But BFL has its own strategy to overcome the problem through its new maize project. Last year it was due to the flood and before it due to the dorught the project didnt reap much benefit. Once this project goes in full swing the GP will improve.
So far BFL has done well and will do better overcomming these problems with time.
Add your comments pls
@Researcher wrote:hi pls give me some information on bairaha.. who are its competitors? what is its market share? etc..
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