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$5.22 tassal group limited

Ann: Annual Report to shareholders, page-31

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baldynumbers

3,873 Posts.

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20/10/20

11:14

Post #: 48228617
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Originally posted by dabozza: ↑

Yep, the stock is caught in a channel. And has been this way basically since 2014. Looking at lows around $3.50 (though has occasionally dipped below that, but gets bid up pretty quickly) and while high's have been up to $4.50ish, the current short-term channel is around $3.80 (though has occasionally charged above that, but gets sold down pretty quickly). Smart people use that to their advantage to pick the right times to accumulate...

... because as you note, 5% yield while you wait for the SP to double with the prawns ain't a bad spot to be.

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funny you mention the channel being since 2014... I got absolutely flamed for calling the SP out on that a year ago... for that reason - until now IMO it could have been used for farming dividends (albeit a relatively small dividend)... now with the prawns added to the portfolio - I feel there is more opportunity for a share price re-rate than previous years

TGR Price at posting: $3.70 Sentiment: Hold Disclosure: Held
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0 Great analysis

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