TGR tassal group limited
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Tassal (TGR.AU) maintained at Buy with price objectiveof A$5.00...

  1. masterblaster
    1,712 Posts.
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    08/05/09
    11:40
    Post #: 5109609
    Tassal (TGR.AU) maintained at Buy with price objective
    of A$5.00 vs yesterday's close at A$1.85, says Merrill Lynch.

    TGR "a compelling investment", net profit in FY09 expected around A$30 million, a sixfold increase from FY05, then zooming to A$70 million in FY15 as strategy unfolds; this earnings profile supported by favorable industry structure, management capability that make TGR "one of our preferred small cap bids".

    Delivering guidance of A$30 million quite important for TGR as it will reinforce what has been to date a skeptical market "that there is a step change in earnings profile currently under way," says Merrill Lynch
    TGR Price at posting: $1.98 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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