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As suggested in our Portfolio Punts section this week, poultry groups are often regarded by investors as the tastiest food stocks outside traditional main courses such as Tiger Brands [JSE:TBS], Pioneer Food Group [JSE:PFG] and AVI [JSE:AVI]. While “big birds” Astral Foods [JSE:ARL] and (to a lesser extent) Rainbow Chicken [JSE:RBW] tend to get the institutional shareholders salivating, the smaller poultry players have endured some tricky times of late.
In that regard punters will probably be very interested to note Kevin James – prime mover at Country Bird Holdings – spent a rather meaningful R5,6m picking up stock last week. Not too long ago CBH was eyeing fellow feathered friend Sovereign Foods, contemplating a deal that might have seen a restructuring of both companies’ rather tightly geared balance sheets. While Sovereign opted to go it alone and CBH sold off its holding in Sovereign, maybe James reckons its time to shake up the chicken coop again. Or else CBH might be on the verge of producing succulent margins and reassuring cash flows again.
Other noteworthy buys last week included Gavin Tipper picking up a few shares in struggling Interwaste and Jens Montanana buying a handful of Datatecs, plus small purchases by directors of O-line Holdings and IQuad Group.
And yes… there was another rich cameo from deep-pocketed property magnate Des de Beer, who bought another R20m of linked units in Resilient Income Fund. (Jeepers, will De Beer ever stop buying?)
While not the biggest sale ever recorded, we thought it worth noting 1time Airline executive Graham Paterson sold 25 000 shares at 60c. Since the release of 1time’s year to end-December results in mid-March this year, several directors at 1time have been offloading small parcels of scrip. The transactions are obviously too small to be interpreted too ominously (even if the airline performed poorly over its last financial year).
In that regard punters will probably be very interested to note Kevin James – prime mover at Country Bird Holdings – spent a rather meaningful R5,6m picking up stock last week. Not too long ago CBH was eyeing fellow feathered friend Sovereign Foods, contemplating a deal that might have seen a restructuring of both companies’ rather tightly geared balance sheets. While Sovereign opted to go it alone and CBH sold off its holding in Sovereign, maybe James reckons its time to shake up the chicken coop again. Or else CBH might be on the verge of producing succulent margins and reassuring cash flows again.
Other noteworthy buys last week included Gavin Tipper picking up a few shares in struggling Interwaste and Jens Montanana buying a handful of Datatecs, plus small purchases by directors of O-line Holdings and IQuad Group.
And yes… there was another rich cameo from deep-pocketed property magnate Des de Beer, who bought another R20m of linked units in Resilient Income Fund. (Jeepers, will De Beer ever stop buying?)
While not the biggest sale ever recorded, we thought it worth noting 1time Airline executive Graham Paterson sold 25 000 shares at 60c. Since the release of 1time’s year to end-December results in mid-March this year, several directors at 1time have been offloading small parcels of scrip. The transactions are obviously too small to be interpreted too ominously (even if the airline performed poorly over its last financial year).
