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Multinational food production giant, Pioneer Foods, will be retrenching more than 1000 employees.

Apologies, but I will be putting 2 graphs per day. The share I own, and 1 other 1 that I read about i.e. my look at share of the day.

I am hoping OCE brings out a sens saying 20% or more increase in the earnings, as they are releasing results in less than a month. 

 

  Yes, bought the fish from Woolies, and made sure it is from Oceana. Next I am throwing a tin of Lucky Pet at you

OCE hitting R84 level....  .. where is my Ishuffle....

Following from SBK OST

Action/Event: The Competition Commission has approved Oceana’s
acquisition of FoodCorp’s fishing assets with conditions.
■ The two conditions imposed include:
1. The Glenryck brand must be sold by Oceana
2. The small pelagic quota allocations must be sold.
■ Reaction/Impact: Oceana was always aware that it would have to sell the
Glenryck Brand as it is Lucky Star’s largest competitor in the canned pilchards market.
■ Upon announcement of the deal in June 2013, Oceana management
mentioned that there were a number of potential buyers for the
Glenryck Brand which we value at c. R 70m.
■ In our opinion, the deal breaker may be the Competition Commission’s
decision that Oceana would have to sell off FoodCorp’s small pelagic
quota (which includes pilchard quota).
■ Oceana management is in the process of appealing the decision on the
small pelagic quota.

Looks like that acquisition turned a bit sour and investors don't like it.