I sold 12,500 TGA on 24/05/13 to cover buying NWH (I accidentally bought them for my personal account, rather than my SMSF), and I intended buying back some TGA in July, when funds become available. However, I decided not to wait until then, and I bought 15,000 today at $2.000 (my long-held no-brainer price).
While the SP has retreated, the brokers' Consensus Estimates have been revised upward for YE 30/03/2014 and also for 2015. A month ago the Consensus Estimate for YE 30/3/14 was 19.3 cents, and it is now 20.8 cents. 2015 has moved from 19.6 to 22.1 cents.
I assume the current sell off is just another bout of silliness that will pass once we enter the new fiscal year.
TGA Price at posting:
$2.01 Sentiment: ST Buy Disclosure: Held
