Late January to Mid Feb is 'earnings confession' time, when companies release updated trading announcements if actual results are "materially" different from those previously given. Under accounting standards materiality minimum materiality mandatory threshold is 10%%% (with 5-10% requiring 'judgement').
Given that at the AGM TGR was forecasting
"Targeting growth in FY21 operating earnings and returns – with a stronger 2H20 in terms of % of total operating NPAT (relative to 1H) driven by the growth in prawn biomass (majority of sales in 2H) and cycling over 2H20 COVID-19 salmon impacts"
And (touchwood) there has been no market update so close to the release of the financials, one can reasonable hope that management guidance is still in place.
This is good for TGR, especially with the updated market update from HUON.
TGR Price at posting:
$3.33 Sentiment: None Disclosure: Held
