Originally Posted by
winner69
Re lew's note above
Revenues have been pretty stable over a period of time, so this is definitely not a growth opportunity. Jeez lew growth last 3 years have been 6.8%, 8.8% and 3.3% this year. That's better than stable
Margin seems to be very slim. EBITA margins pretty reasonable and not very slim, been >10% last few years with this year 12.9% (Gross margin by the way is 23%/24% which I agree isn't fantastic
chicken is a substitute good for more expensive meats, so should see consumption increase in poorer economic conditions. Hope you right there lew - could call it a growth initiative - adding more to the growth rates mentioned above
A bit concerned about the big boost in profits the year before the IPO - smells of dressing up the turkey. Reading the papers again to come to that conclusion have we lew my old mate. The increased ebita (profits) has been driven mainly by increased sales off set to some extent by increased costs (growth initiatives they say) hardly the stuff of dressing the turkey up.
Lew - did you bother read/study Pages 56-60 of the Disclosure Statement?
Whatever Tegel will be a great investment in the short to medium term. Maybe even for the longer term if things go their way. I reckon the share price will be over $2 by year end