Originally Posted by
NZSilver
I think we will be pleasantly surprised how Tegel performs over the next couple of year, post IPO they have a relatively strong balance sheet with reduced debt. I personally see the overseas growth initiatives are far from simple, but the domestic market is strong and will support this company long term. I still remember being told at university New Zealand is one of the most efficient places in the world to grow chicks as the feed conversion and growth rates are high due to the lack of disease and therefore very reduced requirement for vaccinations which reduce growth rates. Tegel will have a gross div yield close to 7% which is also pretty tidy when you consider interest rates are again likely to reduce come June. If holders get &% div + 10-20% capital growth over the next few years I think that is a pretty tidy investment.
Also generally I find the more people on sharetrader don't like and IPO/new listing the better it performs. There dosnt seem to be much love for Tegel on this thread, so I think it could do quite well :p