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Introduction 23/07/2021

Supply Chain, Feed Prices 23/07/2021

Investment Discussion 23/07/2021
Boparan continues to surprise us on the upside. Strong performance in the Poultry business more than made up for continued weakness in
Rangit and Baljinder’s private office has bought German turkey producer Heidemark through its European arm,
Poultry beat our expectations by £5m EBITDA, but it’s the topline that surprises us. Still driven by inflation recovery, it more than
The appointment of a new head for the Meals and Bakery business may be a sign of changes; we expect this division will eventually be
The upgrade to B+ will not make too much difference to the potential holder base, as the company rating was already B. We are sceptical that the current