TFL 0.00% 1.5¢ tasfoods limited

JalumaGood pick up. Yes the float is now earnings around the 3%...

  1. 653 Posts.
    Jaluma

    Good pick up. Yes the float is now earnings around the 3% mark. Good pick up also on the after balance day note !!! Good to see investors reading an annual report inside out, well done. So with the $1.8m repatriated after balance date, cash in bank is over $20m

    I think (assuming they sell Smartpass over the next 12 months) Buffet club will be king. I can see this division making $3m EBIT FY13 and perhaps $10m EBIT by FY14. Apparently the offering in China will be smartphone compatible whose business model will be a hybrid between Wotif (Hotels) and Entertainment Book (Restaurant vouchers). Doesn't take much imagination to see how a smart western run business model like this will make a bucket load in a country with 1bn people!!!

    Hopefully management are quiet for a reason and we should hear something by the end of the year about its M&A activities.

    Keep well and happy buying at these levels
 
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