5 ways to get rich from chicken
From investing in chicken feed to saving money at the supermarket, these ideas are eggcellent!
Australia's biggest poultry producer Inghams Group will list on the Australian Securities Exchange (ASX) next month with an equity value of up to $1.5 billion, anticipated to be the largest initial public offering (IPO) of 2016.
With this in mind, the team at finder.com.au has hatched a plan, listing five ways to get rich off everyone's favourite protein, chicken.
1. Invest in Inghams
US private equity giant TPG Capital Management will sell between 50-70% of Inghams in the IPO, at an indicative price range of $3.57 to $4.14 a share.
While Australia only exports a small percentage of chicken and turkey each year, Inghams has enjoyed robust growth in domestic sales, driving record profits in 2016.
The Australian Chicken Meat Federation forecasts Australians to consume an unfathomable 46.2 kg of chicken meat, per person, over 2015-16.
Want to rule the roost and invest in Inghams? Download the prospectus, understand what's on offer and read frequently asked questions on the company's official IPO website.
Before you buy or sell any shares, use our guide to find the best online share trading platform.
2. Buy a fast food franchise
Diversifying your investment portfolio can be a winning formula. Jack Cowin, #24 on the annual BRW Rich 200 list, is worth a cool $1.81 billion - and it's all thanks to chicken. Cowin is a fast food billionaire best known for the Hungry Jack's chain, which effectively took its name from him. However, the money to found Hungry Jack's came from a successful KFC store, of which he was part-owner.
But these days, it seems the biggest source of his wealth isn't in chicken or burgers but the Domino's pizza chain. A $400,000 investment has netted him $900 million in just 30 years.
Self-managed super funds seeking capital growth understand the benefits of portfolio diversification.
3. Chicken feed is this year's hottest commodity
In May this year, Bloomberg reported that soybean meal - made from crushed soybeans and fed to poultry and other livestock - experienced a whopping 54% gain in benchmark prices on the Bloomberg Commodity Index after extensive flooding wiped out crops and limited supplies from the world's biggest soybean meal exporter, Argentina.
Don't get cocky though; the rally was just temporary and while still high, futures prices have fallen from their peak of $US418 per tonne in June to just under $US300 per tonne in October.
4. 9 for $9.95 Tuesdays at KFC
Scratching around the pantry, trying to decide what to eat when you're on a budget can really ruffle people's feathers.
That's why we suggest you try KFC's 9 for $9.95 Tuesday meal deal. You get nine delicious pieces of original recipe chicken, cooked in the colonel's famous 11 herbs and spices. You can order ahead using the Xpress app on your phone, so there's no need to wait.
5. Supermarket BBQ chickens are only $8
Coles ($8 per bird) had been prepping this reduced-cost promotion for months and while Woolworths undercut its competitor by 10c ($7.90 per bird), some supermarket insiders claimed Woolies initially struggled to keep up with demand.
Buying roast chickens for lunch and dinner may not make you millions but it will definitely save you money on your weekly shopping bill, as will these other grocery deals and discounts.
Just remember, you shouldn't count your chickens before they hatch or put all your eggs in just one basket. It's important to save money and build a nest egg for your future. If you're tired of chicken puns and are feeling a little peckish, check out our range of food and drinks coupon codes.
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