Like many here, my view is a LT one and my shares are likewise locked away for a multi-year timeframe.
For those that follow the company, we all know that plantation sales are skewed to the 2H in most years and the 1H results are largely immaterial.
For me it is pleasing to see the business model transition to a seller of Sandalwood products successfully and, from a solvency perspective, a very healthy cash balance sitting intact. This gives me confidence that the business can successfully complete its strategy to plant, manage, harvest and replant a portfolio 22.5k ha within the next several years.
Sit back, relax and buy on weakness IMO.
Cheers
John
TFC Price at posting:
$1.51 Sentiment: None Disclosure: Held