Base on what metric do you see tgr should reach 4.60 ?
The price target is hard to predict based on past performance of the chat itself. Its PT is measured by key financial metrics and growth outlooks.
Financial institutions have all available tools to measure or forecast companies earnings.
I can only learn a little bit based on the financial report.
Operating cash flow
51,364,000
All the money generated from the sales were paid to employees roughly (84.5%) and if tassal expansion is not supported by the government it's really a shame to remain business is Tasmania.
I think Tassal should cut staffs to increase its balance sheet and to buy a ship that could perform all the jobs on board to reduce time to ship products to Asia and to produce fish freshness at point of sale so they can eat them raw.
Let's get out there and move on if next week announcement is disappointed.
Tassal could employ migrants and pay them dirt cheap like Woodside energy.
Investing cash flow
Negative 49,020,000
Tassal doesn't seem to acquire more business to boost its income as it did last year or so to acquire the seafood company and paid off the money under "payment for business" De costi business is so good and doing so well
Tassal said its operation costs could be higher due to the east coast expansion and other leases are far away its base in the harbor.
Financing cash flow
15,696,000
Tassal capital expenditure commitment of 21,678,000 comprise strong financial facility of unused amount of 133,128,000 in 2017 and bank loan secured 29,998,000
But it defered tax liabilities 117,364,000 could weight on its decision to borrow more money.
Tassal has used to dilute shareholders value to increase its liquidity by issued shares multiple times amid they were only small amounts but they do add more burdens
This resulted with an increase of 1,534,000 divi payments to securities
The latest issued price at $4.55 on 5/4/17 for 987,122 was an example.
When the share price is below the issued price you know straight away the current sp is underprice
Diluted EPS was better in 2017 at 37.14 compared to 32.78 in 2016
The company did generate value for SH for whatever the reason to do business
Total sales increased to 444,716,000 from 425,185,000
There are two customers with each one contributed up to 10% of revenue for 183,480,000
Its book value 247,967,000 shows me Tassal isn't having a lot of customers that why it wanted to expand to china.
Shanghai shop is establishing this financial year and Amazon is setting up in Australia. That will sure boost its sales volume
Does Tassal has enough fish to attract more customers.
Its Biological assets increased to 312,405,000 from 246,102,000
The question is when will Tassal sign new contract of sales and how long the court will rule in favor of Tassal expansion?
The balance sheet looks safe but not sound and momentum is not presented until we here some news. So it's better to take position than to wait because the sp won't fall much if there's NO news
TGR Price at posting:
$4.22 Sentiment: Buy Disclosure: Held
