Inghams Group Ltd (ASX: ING) was founded in 1918 and has gone on to become Australia and New Zealand’s leading poultry producer supplying retail, restaurants and food service customers with four million birds per week. Inghams employs more than 8,000 staff across its feed mills, farms, hatcheries, processing plants and distribution centres.
XRF Scientific (ASX: XRF), a tiny Aussie tech and industrials company, Global X FANG+ ETF (ASX: FANG), the popular US tech stock ETF, go under the microscope for Rask Invest LIVE.
3. Inghams Group (ASX: ING) – the chicken company.
The Inghams Group Ltd (ASX:ING) share price has plunged 20% after the FY24 result was announced and FY25 guidance was given.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.85% to 6838.30.
The local share market managed a small gain on Tuesday, with both the All Ordinaries (INDEXASX: XAO) and S&P/ASX 200 (INDEXASX: XJO) share prices adding 0.1%.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.12% to 6780.70.
The S&P/ASX200 (INDEXASX: XJO) gained another 0.4 per cent on Tuesday with a broad-based rally managing to overcome a selloff in the energy sector. The staples and utilities sectors were strongest gaining 1.3 and 1.4 per cent, with healthcare and financials not far behind. Energy, however, fell by more than 2.3 per cent on a weaker oil price and talk of further intervention.
The All Ordinaries (ASX: XAO) and S&P/ASX 200 (INDEXASX: XJO) were on hold ahead of the RBA’s latest board meeting and interest rate decision. Elsewhere the Zip Co Ltd (ASX: ZIP) share price was dumped by investors.
The Inghams Group Ltd (ASX:ING) share price is down 7% as Omicron COVID sweeps across Australia and the workforce, hitting its operations.
Inghams Group (ASX: ING) has had a volatile dividend history and is currently paying 4.78% fully franked or 6.82% gross. Analysts are predicting an FY23 forward dividend yield of 5.8%, and earnings per share (EPS) growth of 8.07%. This gives ING an impressive 12.85% Chowder Number, at arguably a reasonable valuation.
