Opened even, but note sudden 5% jump in today's (friday) price. A popular subscription broker has recomended tassal and although report appeared after mkt close, i wonder if it's a coincidence? seems the ASX has regular series of coincidences... esp with small mining stks. The broker wrote a long spiel and overall made a good case to buy. Most of it already covered in posts on this thread. However, he emphasised the highish (unfranked) div. Sadly subscribers will rush-in and buy on Monday, exactly as the stk goes ex-div! I can foresee current holders selling Monday at above today's close, and keeping the 4c interim.
2 points. For over a decade the world trade org has pestered/threatened australia that under its rules, fresh salmon imports must be allowed. Oz govt has successfully fought this on hygiene/disease threat grounds. Should this ever change it will decimate Tassal but govt unlikely to bend anytime soon is my guesstimate. Smoked/processed salmon allowed into Oz. Despite worldwide decimation of fish stks, fresh fish here in Cape Town remains cheap. Very fresh Mackeral can be bought (whole fish) for about A$2.00 a kilo... often less. Only yesterday i bought shiny white hake filletts (skin on) for A$4.20 a kilo. Absoltely delicous. Large fillets of 1-2kilos in size. (they weigh then remove skin for no extra cost in the supermarket). And only a few days ago i saw fresh large fillets of Norweign salmon for R100/kg=A$12.50/kg. I suspect RSA doesn't get the best grade from Norway but even so its about 35% of cost in Coles/Woolies.
Overall,the fundamentals of TGR look good. Can they reduce the cost of feed i wonder?
TGR Price at posting:
$1.37 Sentiment: Hold Disclosure: Not Held
