From the presentation docs y'day, two new locations confirmed Rotorua & Nelson. Buying depth looks very strong, 4 bucks could be in sight over medium term..
From the presentation docs y'day, two new locations confirmed Rotorua & Nelson. Buying depth looks very strong, 4 bucks could be in sight over medium term..
Trading at a 4 year high today! good times, congrats to management!
Yes great hear and see expansion plans coming together and relocating where needed all seems to be paying off and promising future ahead. Good team effort.
Bit of teaser set up on sell side...haven't seen this for TRA in a very long time.
Would hate to see TRA expand into Australia. Would sell my shares straight away actually.
Lots of competition over their, it would take millions and millions of dollars in capital and would likely be a drag on eps for many years.
Countless NZ companies have burned a lot of cash in Aussie only to cut their losses after many years and return home. (Yes some manage to crack it)
TRA brand is super strong in NZ and lots of room to expand here.
Hmm - can't figure out why market screener prices some of TRA's parameters in USD?
https://www.marketscreener.com/quote...914/consensus/
Anybody knows?
Anyway - analyst "consensus" is USD 2.88 - which is at todays Exchange rate NZD 3.99. The one and only analyst researching TRA calls them as well a "BUY". Well, I guess with only one analyst it was not that hard to reach a consensus. Full steam ahead ...
Discl: I don't believe in analysts ability to predict the future :):