Australia's largest stock trading and investment forum Australia's #1 stock forum

TGR

Click for more information

0.00%

$5.22 tassal group limited

Maybe this could be true however if it is then1. Could be a one...

First 47 Last

Share
Profile

Follow
Goyco

119 Posts.

20

10/11/20

12:19

Post #: 48764887
Share

Originally posted by tone124: ↑

Thanks for your input. I am invested as you are in TGR. I'm determined to get to the bottom of this.
I have watched the short position grow recently this is the second time to my memory the shorts have had a go at this stock. Previously the shorts failed and gave up and the short position substantially reduced. Now it looks like they are having another go.
I heard a rumour that Tassal could not sell the prawns harvested for human consumption. I don't know how much of the 2,500 tonnes they said they harvested were not sold, just that they could not sell the prawns.
Whether there was a problem with the prawns or the price was to high I don't know. The only information was that they could not sell the prawns and they were sent to Vietnam.
I will go over what was said at the investor day where questions were asked about the cashflows.

Expand

Maybe this could be true however if it is then
1. Could be a one off situation and will be rectified over time
2. If it was a systemic issue then why buy more farms to grow yet more prawns?

Will be interesting to see how this plays out.

TGR Price at posting: $3.71 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 57 more messages in this thread...

First 47 Last

Add TGR (ASX) to my watchlist