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.
TGR Price at posting:
$4.45 Sentiment: Hold Disclosure: Held
