Summit TV

Transcript:

Astral Foods, it’s a chicken broiling company that I do fancy. The share price is about R109.55. Basically I like the company because I believe that chicken in South Africa is a preferred source of protein, number two I think the company is better positioned than what it was a year or so ago. Why? Because the main input cost to produce chicken is maize and the price of maize has come down substantially and probably could weaken further thereby increasing the margin of the company. They are expanding into Zambia and that’s quite exciting. For people that are looking for a nice dividend sweetener their dividend yield is about 6.5%. It’s not the most tradable counter but a nice investment to put away for the good dividend.

Broker:
Jonathan Fisher, PSG Konsult

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