TFL 0.00% 2.0¢ tasfoods limited

2012 annual y/e 30/12/12, page-4

  1. 168 Posts.
    lightbulb Created with Sketch. 15
    Hey Guys,

    I think it was a good result.

    Considering a market cap of ~$33million, less the $24million in cash, the actual businesses are being valued at $9million.

    On the latest earnings ($3.5million for the full year), thats only 2.5 times!

    I'm not wrapped with how much management are getting paid (over $1.5million p.a. vs. $3.5million NPAT), but I guess you have to pay for quality.

    Lets hope we can get a resolution on the national license, and managements good work can pay off in spades!
 
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