Hard buying in a rising market..., page-13

https://www.investopedia.com/terms/d/dilution.asp

178M SOI, 30M odd Shares to be issued roughly

Add in ex-dividend.

You also need to understand that the SPP price is not set yet, you need to re-read the announcement regarding SPP.

The net affect is a small decrease in % share price, EPS is likely to reduce further, pushing the PE ratio over 14 in a year's time which is when we may face a squeeze before profits substantially begin to flow through in FY 2022.

Anything above $4 is a vote of confidence in management's expansion plan in my opinion.

A drop back down towards the $3.50 area is possible (average historic P/E) and suggests the market thinks Tassal is unable to produce historic returns on the new capital invested in the prawn expansion.

I am inclined to believe management will continue to perform and add value with the prawn expansion.

DYOR.