I forgot to add, when you look at HoH Salmon sales to the domestic market, TGR grew sales from 10,494 Hog tonnes to 13,846 Hog tonnes (an increase of 32%). HUO grew sales from 7,301 Hog tonnes to 7,987 Hog tonnes (an increase of 9%)
So TGR is growing Salmon sales to the domestic market, from a higher base at a faster rate than HUO. This would suggest that TGR is increasing market share of a growing market size. This translates into higher revenue per kg for TGR. and wider margins.
HT1
TGR Price at posting:
$3.95 Sentiment: Buy Disclosure: Held