From sources in the industry ( not EAH) there have been concerns over ASF in China and pork prices dropped a bit, however the ASF situation could benefit EAH as it’s not too serious and good quality products are needed to replace unlicensed vaccines and other poor quality products in China.
In the rest of the world pork prices are picking up nicely and especially north and South America looking very good.
I have quite a large holding in DSCV , they had excellent results and shot to 772p on results day. When they dropped back to 690p I put another lump in. Now trading as low as 650p. I am just saying be careful because this could follow the same pattern and drop below 100p before recovering.
I emphasise I do believe in the company but it’s the Algos which have taken DSCV down and I think they might do the same thing here.
But we knew they would be. Order book also very good, but the question will be asked what about further ahead?
If no convincing answer we should see 125p but then I think the Algos will pull us down. Seen it before too many times.
Yes, you can’t complain when your shares go up by 1 or 2% a day. It soon starts to add up. If you go for a share thinking you’ll get 10 or 15% a day you will have days where you lose a lot of money.