Kudos to Percy for getting out at $1.30 after the first sign of trouble. Sage advice that was!
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Kudos to Percy for getting out at $1.30 after the first sign of trouble. Sage advice that was!
Chartwise the time to bail was mid Sept 2016 when the price fell from 170 odd to 150 odd.
That seems when many on here bought on (because it was cheap and broker analysts were still pushing it)
I got out in the high 170 shortly after that announcement how they were going to take Australia by storm. The big shareholders needed to get the shareprice up to 190 odd so they could quit some .... tried hard but failed eh
UDC anyone? :)
http://investors.inghams.com.au/inve...-announcements
Presentation by Inghams yesterday - big contrast between Inghams and Tegel.
Inghams is growing profits and market has confidence to take another 55m shares from TPG Capital.
Outlook for NZ as far as Inghams is concerned is for competitive conditions to continue.
75 cents is where TGH is headed as a first stop.
I will be fascinating to get some more colour on exactly what those $8-10m in extraordinary costs are, assuming they fall within that range.
Given the disparity between the performance of Inghams and Tegal anyone thinking that these are the full and final might want to think again. I see further trouble coming in FY19 for this and also big restructuring costs in MPG as a result of their comprehensive external review.
3 reaffirmed guidance announcements since listing that were not exactly accurate... 4 downgrades, a bit opportunism hiding behind a half week delay for the last downgrade.
No mention of the dividend being affected, I am sure that it will be...
The worse a situation becomes the less it takes to turn it around and the bigger the upside should you decide to take the risk on TGH...
Could be worth a little punt if it heads to low 70s
It seems not all poultry companies perform in a similar manner. Strong competitors and fast growers can dominate in this sector as well. Best companies in this sector are those who can declare dividends, maintain growth, maintain sound financial position, maintain strong market position, maintain productivity and efficiency and application of viable strategy according to the market situation.
Poultry Traders in Europe and the Middle East have been substituting Brazilian poultry with other supplies. In the meantime China’s poultry market performance has improved greatly in recent months. White feathered broiler prices 40% higher than the same period last year.
Can NZ capture some of Brazil’s lost market share in global trade like East Europe and Thailand?
Can NZ find some market share in Asia which includes China as well?
Can Tegel become strong competitor and get at least some stable market share?
How about their brand name?