Is a short squeeze coming on TGR, page-2

First 2 Last

Share
Profile

Follow
Hopeful9

10,485 Posts.

1388

11/03/21

14:48

Post #: 51692768
Share

Originally posted by volfenator: ↑

Hi all, firstly I hold TGR. In the recent phone conference call with CEO of TGR, I asked the question as to why TGR was so highly shorted ie approx 13%. His response was that he didnt know and could only speculate that perhaps the market had the view that the China Trade tension effect was subsequently going to impact significantly. He reitterated that the volume of HOG sold to china was a small proportion of total sales, and that at this time, China remains as a customer of TGR. Importantly, exchange rate effects (AUD rising against USD), increased airfrieght costs, and an increase in available HOG from other suppliers have all impacted negatively on earnings, despite controllable operational outcomes being generally favourable. Hence, earnings have been negatively impacted, and div trimmed accordingly, and Div remains at around the 50% mark of earnings. Capex has been trimmed going forward. Live stock remains in hand and continues to grow in size. Most of HOG sales is sold domestically, and the cost of production has been reduced.

Given the recent dip, and now the steady increase in TGR share price, I wonder if we are going to see a short squeeze?? Or is this simply the market seeking to buy for imminent Div?? What are your thoughts?

Expand

Why, why start a new thread when there's already a thread re 'why would you short TGR now?' with thousands of views?

Please cut and paste your comment into that thread so all discussion can be in a single view.

TGR Price at posting: $3.52 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial