Fundamentals look ok (forecasts from AspectHuntely)
Code TGR Name Tassal Group Limited Price 1.83 PER09 8.74 PER10 9.20 PER11 7.79 P/B ratio 1.18 P/OCF09 10.40 Valuation ratio 0.50 Debt/equity ratio 0.35 Income cover 14.98
Historically has traded above 11x per.
Austock has a 12 month target of $2.45 and a good profile of how recent operational changes should improve the bottom line http://www.austock.com/pdf/TGR2.pdf . Note also from tgr's 18/12 asx release that the Huon River catchment is now online, came in on budget, and is ahead of production plan
TGR Price at posting:
$1.83 Sentiment: None Disclosure: Held
