I agree that the SP fall is disappointing. I stand by my view that the SP got over inflated prior to results. I don't read much into the 3% today given all of the times TRS has bucked the market/over performed it's beta etc.
I'd suggest $9.50-10 is a major area as at those levels you can easily positively gear and interest rates aren't rising anytime soon. Who'd think TRS would yield more than WOW? + one never knows when someone (private equity) might pull a JBH and buy TRS, doubt it'd happen but every business has a price.
First half is what it is all about. If 1H sales numbers disappoint that will be key. I am happy to accumulate at these prices as I see a lot of upside and not much downside.
Ann: Media Release Full Year Results-TRS.AX, page-41
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Last
$3.30 |
Change
-0.100(2.94%) |
Mkt cap ! $123.1M | |||
| Open | High | Low | Value | Volume |
| $3.32 | $3.33 | $3.30 | $104.1K | 31.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3793 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.34 | 78 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| TRS (ASX) Chart |