Terrible puns mate. It must go against forum etiquette.
Best Wishes
Paper Tiger
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Ogg posted on the 15/3/16..."this will be the next Dick Smith"...And yet some folk despair why kiwis put there dosh in property.
Like Fletcher Building....what a disgrace...Like a shortage/dearth of labour and supplies would not result in.......Like was it a surprise...
Disagree with the statement ..."this will be the next Dick Smith"...
It will survive.. Just will not come up to all the hype given it at IPO time.. Another lesson has been learnt ( maybe ) about IPO's
DYOR Aye !!!
Gosh I'm glad Percy and I got out as soon as the interim results were released. What a load of rubbish that report was with them praising 'fantastic' results the whole way through. They really annoy me Tegel.
Hard to believe I posted this just over a year ago.. glad I stuck with my original thoughts and didn't touch it. I even recall soon(ish) after when they started talking up how much interest they had received. It is high profile/large listings like this that do not help the NZX entice other companies listed.
Just be patient and let it settle to it's real platform..
A very limited growth company IMO..
Possibly a good dividend payer..
Diisc. Never a holder..
FWIW, in some parts of the world food with a "clean" reputation is very much in demand. Where I live, periodic health issues with poultry from across the border in the PRC is incentivisting Hong Kong consumers towards products imported from further afield or fresh local product. Anecdotally, the unfolding Brazilian meat scandal is also turning people away from Brazilian poultry.
So I wouldn't discount the potential to achieve at least some growth in export sales and, given where the share price has fallen to, I'm inclined to have a closer look at TGH. That said, I suspect that if I do put my hand up and buy some, it will be on he basis that they will pay a decent dividend rather than because I think it is a long term growth stock.
Disc: not held
Couldn't agree more and no need to feel sorry for me mate. I have never held and also called the veracity of IPO projections and investment case into question right from the start.
I suppose once it hits rock bottom it is worth something but its quite humorous to think at one stage the promotors tried to flog this thing off for $2.50 a share.
I guess greed has no bounds is the moral of the story. Let it settle until after the first full years result and we'll see where the true value lies...quite probably under $1 somewhere.