08/06/2022 09:23

Inghams Group Ltd (ING) $2.90

Poultry supplier ING has been hammered over the last few months, a raft of issues ranging from fuel and feed costs plus labour shortages have hurt both the cost and scale of production, although the latter has at least improved as we move on from COVID. MM continues to like the relative stability of the business if these issues can be overcome while chicken being a cheaper protein selection to say steak should limit the impact of less $$ sitting in the pockets of consumers.

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06/05/2022 09:12

Inghams Group Ltd (ING) $2.81

Poultry business Inghams has seen its shares plunge to all-time lows this week even after delivering profit for HY22 up 5.9% to $39.7mn, but signs are arising that Omicron has started to impact the business. The stock is forecast to yield in excess of 6% over the next 12-months but that’s irrelevant if the shares keep sliding lower. We do like the relative stability of this business but we would be considering an “accumulation into weakness” approach...

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11/01/2022 17:03

Inghams (ING) $3.32

ING 5.95%: The Chicken producer was out today with an update on the impacts of Omicron on their operations and while it’s premature to draw any conclusions on the overall financial hit, we suspect there are many businesses across the country experiencing similar issues. In terms of ING, and this is why finding Chicken in the supermarket...

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20/08/2021 08:16

Reporting Today (CWY, COH, ING, SIQ, SGP, SYD, TPG)

Companies reporting today on MM’s radar include: Cleanaway (CWY) FY21 Results: Expectations for revenue of $2.36bn, EBITDA of $535m, NPAT of $161m (up 58% on FY20), EPS of $0.08, FY Dividend $2.50. Market currently pricing NPAT for FY22 of $181m, a jump of ~12%. Cochlear (COH) FY21 Results: Expectations for revenue of $1.5bn, EBIT of $337.5m, NPAT of $243m (up 7% on FY20), EPS of $3.74, FY

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30/07/2021 09:35

Ingham’s (ING) $3.83

ING came out with an earnings upgrade in May which appeared to catch the short sellers resulting in a ~30% appreciation in just a few weeks. We like this business and its almost 4% fully franked yield, we could comfortably be long with 10% stops.

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03/06/2021 09:04

Ingham’s (ING) $3.74

ING was the markets top performer on Wednesday advancing +6.5% compounding the gains from Friday when it forecasted a NPAT of $80-$87m for the year ending 25th of June, this guidance was well in excess of analysts expectations due to the combination of improved operations and trading conditions.

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02/02/2021 13:04

Ingham’s Group (ING) $3.32

Poultry business ING is carrying a major 8.7% short position with traders concerned around FY21 numbers due to the impact of COVID. We feel this might already be built into the price and a projected 4.5% fully franked yield is attractive to all investors in today’s environment.

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