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$5.22 tassal group limited

Share your confusion. TGR well managed and in a sweet spot. Will...

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wynneboy1

56 Posts.

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20/01/20

07:00

Post #: 42463401
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Originally posted by optimistus: ↑

I know I'm posting a lot on this thread but I'm genuinely confused why TGR isn't trading above $5.

Reasonable earnings history: tick
Consistent dividend payer in an expensive market: tick
Favourable market dynamics with challenges in other protein markets due to the drought (they sell a premium product for a reasonable price): tick
Solid local market with export exposure:tick
Decent handling of the Capital Raising to avoid a blow out in gearing: tick

Okay there's some risk with the prawn venture, there's always some risk with agribusiness and they've had the Capital Raising but there still seems some fat for a bit of bad news.

What am I missing? Why isn't this well north of $5? Genuinely interested in negative opinions.

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Share your confusion. TGR well managed and in a sweet spot. Will trade above $5 this year barring an earnings downgrade.

TGR Price at posting: $4.45 Sentiment: Buy Disclosure: Held
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