Afgri and CBH birds of a feather!

[asylum]

Afgri is looking at intergrating its poultry side of the bussiness with CBh. Good or bad. Any comments.

[Samir]

Where did u read this?

[asylum]

Hi Samir it was in todays citizen.

[asylum]

Hey Samir did you go out to buy the paper?

[asylum]

Afgri, which trades about a quarter of South Africa's grain, said it's in talks to merge its animal feed and chicken unit with a rival before spinning it off to shareholders later this year. Afgri is considering the combination with rivals, including Country Bird Holdings and Sovereign Foods, to help lure investors, CEO Jeff Wright said on Tuesday. It will make a decision on whether to spin the unit off within a month, he added. http://www.moneyweb.co.za/mw/view/mw/en/page40?oid=108194&sn=Detail

[zn]

Well if you look at the Price of Chicken its Between R30 to R35 per a Kg so it would therefore be good for them.

[Samir]

asylym, don't read newspaper. read moneyweb thou. not sure what to make of it.

[asylum]

yeah me neither am still holding CBH, but a bit dissaponting so far.

[Samir]

I actually calculated a theoretical price of 425c for CBH but with a 12 month price of 570c. So, right now, its just lurking around and will move nicely when they release any news. Don't worry, South Africans love chicken and CBH are not farming around...