"I have a personal view that TRS fair value is between $3.70 to $4.
Can this be achieved? Who knows."
Exactly. Who does know?
But just because the stock isn't trading at what you happen to think it is worth doesn't mean that it is being manipulated.
Maybe your valuation is, well, wrong.
"How long is a piece of string? Given the state of the ASX manipulation and reglatory conditions , TRS possibley would be trading anywhere in the $2.40 range if no live offer was in place. However this is totally hypothetical.
The recent fall from mid $4 to $2 was overdone, the profit downgrade was minimal given that huge drop."
Minimal profit downgrade?
Are you kidding?
The profit downgrade was over 40% (Initial HY2019 NPAT guidance of $17.7m revised to $10m/$11m).
TRS Price at posting:
$2.75 Sentiment: Buy Disclosure: Held
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