TGA thorn group limited

Ann: Half Yearly Report and Accounts including Appendix 4D, page-7

  1. 3,808 Posts.
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    We will see what the market thinks pretty soon, my bet it's a much harsher judge than you

    When these new (previously unmentioned but known) costs are paid out including whatever fine ASIC decide to inflict H2 will be lucky to have NPAT of $10m
    At 10x earnings that will give a market cap of about $240m or about 20% below where we are right now, below this I will be willing to take on more debt to increase my stake as longterm there is much to like, it's just going to be another crap year.
 
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