"we will remember."
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Not a bad call, definitely value at the current sp if npat guidance is achieved. Perhaps market sentiment will change on result day if TGH can show that they can hit their forecasts.
Edit: has there been a downgrade from the half year guidance? I can't seem to find anything
I'm thinking of going in around $1. I imagine the next dividend will be about 4 cents so a pretty good dividend yield. In saying that I have absolutely no confidence in the Tegel leadership team so I'll probably stay away. Interestingly Inghams seems to be doing OK since the IPO launch.
Was hoping Rod Oram on National radio today could shed some light on why the chairman left; when he discussed Tegel but he hadn't heard anything ; nada.
CBA has been buying since IPO last year and steadily added on to its stake, even as the sp has been going down and down. But for their buying, sp will definitely be less than $1.00. So they better hope they are right as they have been wrong so far.
Meanwhile, can recall CEO of IQE suddenly resigning and likewise, Bryan Mogridge at PGC to name 2. No reasons given and the sp of both companies tell the story.
Then, there's Jenny Shipley of Mainzeal who resigned just before the company collapsed.
Cannot be a good thing for any company to have the Chairman suddenly resign without giving a reason.
To add to the gossip....
The previous CEO left rather quickly after having a disagreement in regards to 'direction' with the PE owners....
It looks we have found support.
Will definitely have another substantial shareholder announcement next week...