Agree with most of your points - however will add:
1) Buying currency or hedging gets too expensive once you go out more than 6 months (the banks are not fools). I worked for a major multi national for over 18 years who bought a significant amount of raw materials from overseas. They used to cover all purchases out to 12 mths some times. Despite having the best forecasts you could buy an internal study over a 10 year period showed it would have been better buying at spot by a considerable margin.
2) I am not putting Coles, Woolworths, Aldi as direct competitors. I see the TRS competitive set as the local mum & dad Chinese nic nac store or market place.
Having said that with the last post and this one I am not recommending anyone jump into this stock - far from it. When I finish building my Tardis I will be jumping straight back in and reversing the purchase I made two months ago. Like I said before the $7.00 mark is close to where I will pull the trigger.
- Forums
- ASX - By Stock
- TRS
- What the hell
What the hell, page-12
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add TRS (ASX) to my watchlist
|
|||||
Last
$3.25 |
Change
0.000(0.00%) |
Mkt cap ! $121.2M |
Open | High | Low | Value | Volume |
$3.25 | $3.31 | $3.25 | $48.05K | 14.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1420 | $3.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.29 | 3039 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1420 | 3.250 |
3 | 7312 | 3.200 |
1 | 500 | 3.180 |
1 | 3148 | 3.170 |
1 | 4375 | 3.150 |
Price($) | Vol. | No. |
---|---|---|
3.290 | 3039 | 1 |
3.350 | 5196 | 3 |
3.370 | 170 | 1 |
3.400 | 2900 | 1 |
3.490 | 1000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
TRS (ASX) Chart |