Nice to see a director buying on market. For my 2c worth I think the market has misread the situation. Firstly good on Tassal for giving Coles the middle finger and not giving in to pricing pressure, they have clearly stated they can sell their product elsewhere at higher margin. Export market is also looking attractive and they have the flexibility to sell into that.
So they may produce less with the warmer waters but sell at higher margins, and lets not forget the integration of De Costi now kicking in fully. A director buying on market only makes me feel more confident that management is well in control of the current state of affairs
TGR Price at posting:
$3.61 Sentiment: Buy Disclosure: Held