Forgive me: I've had one beer after work, celebrating the profit results of my other stocks......nbl particularloy, what a champ
But that RBS report looks like absolute sh** to me.....does RBS stand for Royal Bank Scotland.....as in the bank that got bought by the taxpayer cause it went bankrupt
For example,
1) Increase production: hello, its a growth enterprise...that's a good thing.....the domestic market is where most of those bigger fish are going.......but yes, a small part, maybe greater proportion are going overseas
2) That CAPX they refer to years ago was funded by $3.80 a share issue!!! The current price is $1.20....who do you think gets the good deal to buy stock now!!!!
Yes, Tassal's salmon 'cycle' is about 3 yrs and, as they acknowledge, their return on investment is not there yet.......but the leverage is clearly there, did anyone see the cashflow last half?
RBS needs a reality check, or maybe they have already seen the result and we are all in trouble...their reasoning is b******t
TGR Price at posting:
$1.24 Sentiment: None Disclosure: Held
