Eggs, poultry and animal feeds. Not exactly the recipe for an appetising food production company on the JSE — especially one that over 3½ years generated a collective net profit of just R140m. Most investors would deem that chicken feed. 

Yet, very few — if any — listed counters can boast a year-to-date share price gain like that achieved by lowly Quantum Foods Holdings, which quietly dabbles in all three of these challenging food production niches. In fact, Quantum’s share price gains at certain times this year are right up there with those of Nasdaq-listed technology stalwarts such as Nvidia and Netflix...

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