Haha - was starting to get too easy?
Nothing like a sobering up once in a while to stay alert.
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So the IPO forecast F17 NPAT of $43m is going to be something like $33m to $41m
At least, as they proudly repeated mant times, revenues are growing strongly and will be ahead of forecast
33m to 41m is a quite a large range. Still no mention in their report about their deal to export into AU?
Only positive I can see is Tegel has a dominate place in the NZ market. I think a long hold approach will pay an OK return. The dividend is also OK and they seem to be confident in growth opportunities. I dont think there's any point selling if you bought in at the IPO.