This may explain the drop in SP.
From the 1/2 year report from Ridley RIC. A stock feed supplier with an aquaculture division.
"Salmon sales" refers to sale of feed to salmon growers.
“Salmon sales to Tasmania were disrupted at the end of the first half year by warm sea water currents reaching the salmon pens, as this tends to give rise to a loss of appetite. These warm water currents persisted into the start of the second half year but the water temperatures appear to be returning to normal at the time of this market release. Notwithstanding the drop in salmon sales volumes in December 2017 and Huon legacy inventory issues, the underlying salmon, kingfish, barramundi and prawn business has performed generally in line with the prior year.”
My sentiment and position below reflects my global concerns not TGR
TGR Price at posting:
$3.49 Sentiment: None Disclosure: Not Held