Jeez, the 145 close wasn't even the low of the day
Maybe was overvalued at IPO time?
But I'm sure they will pull out all stops to see share price is up near 190/200 after next results announcement
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Hopefully the shareholders meeting can turn around the worrying sentiment building. What's the expected dividend percentage for Tegel?
http://www.smh.com.au/business/marke...30-grscgg.html
Any of this sound familiar ? Tegal promotors also sold and leased back significant property before floating.
With the float not set down until November and such a large capital raise on the cards there appears to be plenty of scope for Tegal shareholders to have their feathers ruffled as a byproduct of this Ingham float process.
Want 17 times profit for Inghams - that makes TGH cheap as
Interesting that the promoters are using Costa Foods as a great example of what happens with IPO
Costa their Scales and great IPO - Inghams their Tegal bound to be as well
But then those TPG guys dressed up Meyer to look like Jennifer and that wasn't the flashiest outcome (Jennifer did OK though)
Danger then is is if Inghams are failure Tegel will be tarred with same brush?
Yes yes yes always a lot of noise.
Look I could have gone on and on and on about SCL.I was a SCL shareholder when South Canterbury Finance were the major shareholder.
You would have had to been mad or a Percy to have go near them after that carry on.
As for Meyer and Dick Smith I think I ,and a number of others, posted that they were a train wreck in slow motion.