FOOD EMPIRE

Even nicer now @ 49 cents. Valuation gap with Super Coffeemix is too big
[hr]
[summy 16-10-2012]:

coffee is very nice.  Only 52 cents.....

Unusual story: Getting to know SUDEEP NAIR, the new CEO of Food Empire

Such a big valuation gap compared with Super Group

Super Group has just released 3rd Q result, with revenue and net profit going up. Interestingly, the Gross Profit margin expanded from 29% to 36%. Very good margin improvement. Super cited " lower raw material costs ".

Will the same apply to Food Empire? I don't doubt it. So my guess is Food Empire should report expanded GP margin too. Maybe nextweek the results will come out

Yup, agreed. Sugar prices have come down 20% over the past year.

Prices for sugar, non-diary creamer & coffee powder are international prices, so I guess Food Empire should enjoy 'lower raw material costs" as Super Group did. The valuation gap between Food Empire & Super is making Food Empire very attractive.