TFC 7.42% $1.31 tfs corporation limited

TFS Grower defaults, page-14

  1. 1,080 Posts.
    lightbulb Created with Sketch. 5
    OK, so I got to the bottom of this defaults business. The dumb ar@e hedge fund analyst didn't understand the difference between defaulting growers and deferred payment growers. Sheesh.

    I did manage to get a look at the latest UBS research note however. They have upped their target price by $0.10 to $2.80. Both their upside scenarios ($5.66) and downside scenarios ($1.25) appear to be using a low oil prices and heartwood yields, so it's looking pretty good. Note that downside case factors in no new plantations established going forward.

    Load up on SP softening I reckon!
 
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