The final analysis is that the profit was flat hence the share price will settle to its stable level - about $2.05 +/- 5%. Little sallies above or below the range are hardly a new trend and aren't statistically significant, just a little bit of noise.
What's not clear are the macro trend risk/opportunity. I wouldn't think the fall in the AUD will help the retail side of the business but they are far less exposed than others.
Picking companies that benefit from a falling AUD is probably a better strategy right now than waiting for TGA to perform.
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- Ann: TGA 2013 Results Presentation
Ann: TGA 2013 Results Presentation , page-33
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