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TGR - Tassal Group

Discussion in 'Stocks Q-Z' started by SoBadAtTrading, Dec 17, 2008.

  1. Klogg

    Klogg

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    You need to figure out what how much of this is maintenance capex, and how much is capex building beyond current capacity.

    Keep in mind they have a 3 year fish cycle and 5 year capex cycle (from memory). So as a very rough approximation, the capex 5 years ago is the maintenance cost of today.
    There are better ways to go about calculating it, and I know a few years ago they gave a figure for this. But it's a start. Other factors to keep in mind:
    - the seafood acquisition does muddy the waters
    - they raised capital to expand whilst conditions remain favourable (more capex required)
     
  2. galumay

    galumay learner

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    Thanks Klogg, yes, I think thats a bit beyond my simple ability! I am beginning to think I dont understand this business well enough to be a part owner!
     
  3. Wysiwyg

    Wysiwyg Everyone wants money

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    I think the comm. has finished here so my obs.. TGR caught my interest with the extended narrow range. My most recent research revealed the world wide salmon sea lice infestation. I don't know if it has reached the Tassie stocks with the advantage of distant cleaner water. Price supported around the $3.80 line.
     
  4. VSntchr

    VSntchr

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    Pretty astonishing volume of over 4.2m traded today and price down over 10% on the back of JP Morgan cutting their price target from $5.00 to $3.43.
    Yes precisely $3.43 ;)
     
  5. Calvin27

    Calvin27

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    Anyone holding this stock? Bought at mid 3s, currently approaching mid 4s. The last few months have seen a bit o factivity, but I'm not sure what is triggering this.
     
  6. peter2

    peter2

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    Not holding, but there was an attractive BO setup. The trigger was a close above 4.30.
    Price is close to yearly highs. Another attractive aspect.

    tgr2407.PNG
     
    VSntchr likes this.
  7. $20shoes

    $20shoes

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    TGR gets a bit choppy, but has been holding its ground over last 2 months.
    Might be a trade in this one if it can hold over 4.50. Initial target $4.80 but it might be expected to test blue sky highs above 5.10 in a favourable environment.

    NB: 4.44 was a significant top in Dec 2007.

    DAILY:


    TGRdaily2019-01-04 09-24-30.jpg


    WEEKLY:


    TGRweekly2019-01-04 09-24-30.jpg
     
  8. $20shoes

    $20shoes

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    Results pleased the market. Was almost gunning for blue sky prices but the breadth of the move would have attracted some profit takers. Time to tighten the stop.
     

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