TGRs only going one way.....and that's up a loonng way up.The...

TGRs only going one way.....and that's up a loonng way up.

The CapX bleed of almost for years now, ever since they hit new shareholders up for shares at $3.80 from memory, is subsiding and operational cashflow is coming to the fore....

For years, the investment community has turned their back on profits being booked in the form of 'higher fish inventory'.....well, bigger fish are in this result, but operational cashflow is there for all too see....

Ultimately, yesterday it was a 185 million dollar capitalised company booking a 30 million dollar profit (including the bigger fish)...

Those two numbers are not sustainable and something has got to give.....next year they are talking about round a 30% rise in profit.......

So in summary, we have a tightly held stock now, operating in a duopoly and with assets which can't be replicated....trading at a PE 6 and a strong growth profile based on past CapX.... The price target is still 5$ in now too long.....Hopefully it does not get taken over, which is unlikely, cause it is tightly held