Both on $1.33...amazing what a name change does;)
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Both on $1.33...amazing what a name change does;)
Up and down like a ............... now sitting at $1.30 each. Is this a usual way for shares to respond with a capital repayment imminent??
Looking better now after 2 days activity...the question now is what will the price settle to following 31/3 62.5c payment and cancellation of 1/2 our holdings...anyone willing to guess?
why the sudden burst of activity? Was enjoying accumulating at $1.30. Bring on the capital repayment, then the news of the Tarawera forest sale, plus some good performance to come.
cazzer.....I have got the feeling that Tenon is finally going to be the success story we have all waited for...$9m up on first move can't be too bad:D
New name, but apparently the same old story. Price suddenly moves against the trend for no apparent reason. Shortly afterwards an announcement is made. NZX finds nothing untoward.
A significant positive announcement (perhaps Tarawera sale) might be expected soon, based on recent price movement. With FFS/TEN it never seems to work in the order logic would suggest!
they presented at ABN conference yesterday .. prob just re igniting the story ..
could be after the 65.5c and the residual value after that,
Blockhead
Could be that their slide shows both in Sydney & here have ignited the Institutional Investors....Quote:
quote:they presented at ABN conference yesterday .. prob just re igniting the story ..
I think its just the value proposition being uncovered at the bottom of the baggage dragged around by this company.
Post the capital repayment this is very much a different company. Low debt, moderate no. of shares, assets capable of making a half reasonable return on capital.
At $1.39 pre capital return I still rate this as good value.