|buy||SELL: 0%||HOLD: 0%||BUY: 100%|
|% From 52WK High||-48.06% ( 1,157 )|
|% From 52WK Low||100.33% ( 300 )|
|Business||Quantum Foods Holdings Ltd is a food manufacturing company. It is engaged in the feeds and poultry business providing animal protein to selected South African and African markets. The company's segments include Eggs, Farming, Animal...Read More|
|AGM Date||Friday, 19 February 2021|
|Market Cap||R 1,202,148,543|
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|Offshore Earnings Component||Not available|
|14/01/2021||QUANTUM FOODS HOLDINGS LIMITED - Change to the board of directors|
|11/01/2021||QUANTUM FOODS HOLDINGS LIMITED - Discontinuation of cheque payments|
|18/12/2020||QUANTUM FOODS HOLDINGS LIMITED - Notice of AGM, No change statement, Availability of the B-BBEE report and nominations for appointments to the board|
|02/12/2020||QUANTUM FOODS HOLDINGS LIMITED - Acquisition of Helderfontein Broiler Farm|
|26/11/2020||QUANTUM FOODS HOLDINGS LIMITED - Summary audited consolidated financial statements for the year ended 30 September 2020 and cash dividend declaration|
|25/11/2020||QUANTUM FOODS HOLDINGS LIMITED - Changes to the companys remuneration committee and audit and risk Committee|
|24/11/2020||QUANTUM FOODS HOLDINGS LIMITED - 2020 annual results presentation|
Animal feed is manufactured and sold under the Nova brand. External sales amounted to 262 409 tons for the year (2014: 243 513 tonnes), representing 47% of total feed volumes produced (2014: 44%). The balance is consumed internally by the integrated layer and broiler poultry operations.
Eggs are sold primarily under the Nulaid and Quantum brands, while layer livestock (day-old chicks and point-of-lay hens of the Lohmann breed) is sold under the Bergvlei Chicks brand. The egg business is the only national producer and supplied 50% of the approximately 862 million eggs sold to the retail sector during the year.
Day-old broiler chicks of the Cobb breed are sold under the Bellevue Chicks brand. An average of 579 000 live broilers were sold per week to third-party abattoirs in the Western Cape for the year ended 2015 (2014: Nil). The Group operated an abattoir in Gauteng which was sold to Crown Chickens (Pty) Ltd (trading as Sovereign Foods) in October 2015. A long term live broiler supply agreement was entered into with Sovereign Foods.
Other African countries
In Zambia, Quantum Foods operates a broiler and layer breeder business (selling of day-old chicks), a feed business and a table egg business. The table egg business sold 24.7 million eggs for the year ended 2015 (2014: 24.5 million). A capital project to increase production capacity by 37% is in process.
In Uganda, the business comprises of a broiler and layer breeder business (selling day-old chicks) and feed business. A capital project to build a table egg production facility was recently completed.