Which was a bit more accurate than your 75 cent'sh forecast. (smiley face).
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Breaking through resistance was good, filling the gap the next day was better - very unbecoming for the ticker ( has to be related to Forbarr upgrade )
Looks good, fundamental value is still there at current levels, providing the very conservative forecast of "increasing EBITDA" is met ( nowhere to hide if they don't )
I joined in the fun yesterday - Still wary of when UBS may want to shed some of their holding.
Looking good but still a disconnect between chicken prices here and rising overseas prices.
Notice drumsticks are still perennially on specials - as low as $2.99 per kg, and boneless breast meat is now selling for $8.99 - $9.99 kg vs around $10.99 - $11.99 kg being the norm a year ago.
Still, always happy with a rising sp!
Without any notice it has appreciated slowly. So far TGH has demonstrated its ability to generate sufficient levels of cash flow, while keeping their debt levels an appropriate level. After tech play, it is a time for some chicken play(especially for attractive stocks). 52 range 1.05 to 1.59.
Chicken stocks are not just chicken plays. Poultry uptake is forecast to rise faster than pork and beef worldwide in the coming decade. Different countries have different strength in the same industry. Low feed cost is one of the main drivers. Some countries will have growth in the poultry industry at lest for next 10 years. Global chicken stocks have more legs. There could be few multibgaars globally. After USA and Europe, we find some well manged locally grown poultry companies in the Asia-pacific region. Will TGL also become one of the growing poultry companies in the world? I was closely following some poultry stocks globally during fast few months.
Some fund managers are no longer classifying strong poultry companies as traditional chicken plays.
scary thoughts from that phrase.
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:lol:hahaha then yuck what a horrible genetic meddling possibility thought :eek2:
Cut the head off and it could be the current governments mascot.