TGR 0.26% $3.89 tassal group limited

If the half financial report shows on track double digit growth...

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    If the half financial report shows on track double digit growth around 11-15% then it will definitely go more than mid $4 to around 4.8 or above. The real value at the moment should be around 4.30-4.40 but understandably people are risk aversive especially towards summer months. After all it is an agri stock and thus subject to risk of diseases, climate, etc. There was also a significant amount of angst about international salmon prices, which now have all but alleviated with contract prices remaining stable comfortably above 50 NOK DESPITE GLUT, which is fantastic. That fact is indicative of how strong the demand for salmon is. So temperature and prices have been very conducive and the demand side for salmon is without a slither of doubt extremely strong. The only concern would be consistency and growth of the supply side, which is taken care of in the short and long term by expansion in okehampton bay and offshore storm bay.
    Last edited by aniesbaswedan: 03/01/18
 
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