Keeping things in perspective - The total share trade for March 2019 was 855,590 shares. This represents 0.4% of the total number of TFL shares. It is a minute number which are being bought and sold by penny traders hoping to make a few dollars on a trade.
These are obviously NOT investors with an interest in TFL beyond the next trading day.
I would be very surprised if the company did not show a profit for this first quarter when we hear from it at the end of April. The size of the profit will be the most interesting feature. Less than $0.2M will be slow growth and the share price may not move. A profit of $0.5M would be great and anything larger would be exceptional.
Keep in mind that this company is a chicken meat producer with a side component of dairy and a morsel of Wasabi at present.
And chicken meat is Australia's fastest growing meat consumption currently, having grown from 30kg/person/year in the year 2000 to approx 50kg/person/year today. So TFL is in the right area as long as they can make it profitable. Revenue doesn't mean profit but if the company can maintain its gross profit margins and control corporate costs it is well on its way to being profitable.
The management of TFL gives me great confidence that it will eventually be a really good investment. They are experienced operators with substantial share holdings in TFL. Lets hope we get some encouragement that the company's green shoots have grown a significant amount when we hear from them in 2 weeks time.
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tasfoods limited
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Keeping things in perspective - The total share trade for March...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.185M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $251 | 50.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2578426 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 650223 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2578426 | 0.005 |
7 | 1441382 | 0.004 |
7 | 2070000 | 0.003 |
9 | 3110000 | 0.002 |
6 | 8120999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 650223 | 3 |
0.007 | 1627580 | 3 |
0.008 | 834899 | 3 |
0.009 | 732005 | 2 |
0.010 | 5327158 | 3 |
Last trade - 10.02am 31/07/2025 (20 minute delay) ? |
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TFL (ASX) Chart |