Over the next three months, I expect several very positive announcements which should drive the share price back over $2:
1. Sale of the loan book, to improve the balance sheet and add to cash;
2. Completion of more plantation buy-backs, which will lead to increased cash flow and profits in FY17;
3. Successful harvest in June;
4. Successful refinancing in July; and (highly likely IMO):
5. A profit upgrade in May/June.
I feel for the shorters.
TFC Price at posting:
$1.46 Sentiment: Buy Disclosure: Held