My concern is that whilst the wholesale prices have fallen...

My concern is that whilst the wholesale prices have fallen considerably, this has not filtered down to the retail level and a 200g pack of Tassal still costs around $13, way too much for an average, middle class family. As such, potentially weakened figures in wholesale may not be offset by a spike in retail, although I note that the recent presentation delivered by the management and released today anticipates another record in reported profits.

Overall, I think the market labels TGR as too risky to go over $4.45 and too good to drop below $3.75 and many, including myself, invest in it short-term. I have made decent profits over the last 2 years by repeatedly buying under/around $4.00 and selling over $4.30-$4.40, but I would never consider TGR a long-term investment (but - as always - please do your own research).