Today's Fall, page-19

First 19 Last

Share
Profile

Follow
bug1

5,085 Posts.

146

28/06/17

16:44

Post #: 25544670
Share

Originally posted by savvyinvestor ↑

looks like great value here to me. agree it is a medium term growth stock rather than a pure dividend play for me too.
the legal and environmental issues will hurt sentiment for a while, but it is up to the company to defend themselves which they have done a reasonable job at so far, and more importantly to deliver on financial performance which will drive the sp fundamentals towards $5.

if they can achieve the ROI they promised when raising capital recently, this stock will definitely be above $5 within 12mo.

the broader salmon market supply demand issues are very much in their favour and they will achieve major revenue and margin growth if they can avoid environmental issues and bring their product to market in fy 18 and 19.

I'm already overweight so I'm probably biased and reluctant to top up further right now, but i think this will be back above $4 before results are announced. it probably needs some institutions to spot the value and buy in larger volume than the retails are before it will turn around. there will be a lot of funds hunting for value in the mid cap industrial space in july as the banks and miners are not looking appetising and they need to find a home for their money (unless they deploy more funds overseas but that is not the investment mandate of most such funds) after many have increased cash holdings through may/ june.

Expand

Hi Savvy;

I just noticed this myself, haven't done any research but looks like its entering value territory, one to watch.

From the chart it looks like its got a small bounce from the Nov low, but a lot of downward momentum.

TGR Price at posting: $3.76 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Open: Futures say drop after Bullock's hawkish speech removes slow cut doubts | Nov 29, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 62 more messages in this thread...

First 19 Last

Add TGR (ASX) to my watchlist

Today's Fall, page-19

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Open: Futures say drop after Bullock's hawkish speech removes slow cut doubts | Nov 29, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game