May (and I say may) have bottomed today. We will know soon enough. I think that the combination of the dollar, capex spend (which they have failed to adequately detail), debt and dodge has sent this lower. One thing I will ask at the AGM is whether they could find a better CFO. I cannot believe this bloke cannot produce better figures on a range of things. Also, the lack of detail in their quarterlies requiring so much guess work has become a major turnoff for me. Also, what are they paying Nathan for? He never once answered a query I had effectively and I doubt he is selling the story.
TGS Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held