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 as opposed to an aggressive buy with Septembers dividend the 1st objective.
MM is neutral ING
Add To Hit List
