Investors who bought into Astral Foods on the back of a superb trading update in early November will have made an 11% loss as the share fell from R171.50 at the time, to R152 by the time the company reported its results on Monday. While Astral and peers like Sovereign Foods and RCL Foods have all delivered better results thanks to more benign trading conditions and after a four tough years, the clouds are once again building on the horizon. Dirk van Vlaanderen comments. View article
Fishing group Oceana, which has consumer brands giant Tiger Brands and empowerment group Brimstone as anchor shareholders, netted an encouraging first-profit catch from its recent acquisition in the US. Oceana’s year to end-September results released yesterday showed fishmeal and fish oil specialist Daybrook Fisheries chipped in revenues of R574 million and operating profit of R180 million. Dirk van Vlaanderen comments.