Tegel IPO

[Balance]

Consumption growth > Glut

Not true, Hardt.

Why prices have been under pressure.

Agree with you however that if consumption can continue to grow, price dynamics will change.

Those in the industry will tell you however that there are huge production facilities coming through in both NZ and Australia.

[hardt]

Not true, Hardt.

Why prices have been under pressure.

Agree with you however that if consumption can continue to grow, price dynamics will change.

Those in the industry will tell you however that there are huge production facilities coming through in both NZ and Australia.

Keynesian is kaput, supply does create the demand.

More chicken on the shelves, the better.

[silverblizzard888]

Keynesian is kaput, supply does create the demand.

More chicken on the shelves, the better.

If supply outpaces growing demand then you still just end up with lower prices. Inputs and Outputs in business tend to be lagging factors and don't actually react instantly, put that along with management who are adamant that the situation will change and there is no end to the supply, but there is limited number of people in NZ and amount that can be exported. Just like the stand off between oil suppliers not too long ago, no one would back off until everyone was suffering detriment, though unlike oil these chicken producers aren't gonna hold meetings to talk about this one.

[Joshuatree]

Glut GLUT GLUT cluck cluck. Thats why production went over the top. Glut GLUt Cluck. About the 4 th year of bargain grain.
Grains piled on runways, parking lots, fields amid global glut | Reuters

[Valuegrowth]

Finally, it is showing some positive momentum and currently it is trading around $1.21. Tegel Group Holdings has a significantly low debt on its balance sheet. Long term investors should study their financial soundness.

52 week

1.05 - 1.80

[mfd]

Promotors originally were talking $2.50 for the IPO float. This could give some investors a clue as to their greed.

If you remember, this higher share price would have been associated with a smaller number of shares being issued for the same total share of the company. The range of total value being offered was $299-344 million. To quote the share price offered in isolation is at best misleading.

[Joshuatree]

Yes,and pretty irrelevant to the price that is being offered now anyways.Still in the red holding a few but i sold majority after IPO at a loss and bought AIR

[Valuegrowth]

I found another interesting link.

https://claytonnewsreview.com/taking...-shares/63412/

There are four analysts are covering in the current year and two have recommend as buy. If I am correct even Forsythe Barr Upgraded to OUTPERFORM in April 2017. They expect better year in 2018 according to following link. Is it a good price to buy now?

https://nz.finance.yahoo.com/quote/T...lysts?p=TGH.NZ

Please note that I don’t have any shares of Tegel but I am following eagerly it now.

[JBmurc]

Sold my trade for small profit on friday .....@1.21 .....be interesting to see if it retraces to purchase price

[Valuegrowth]

It went down again .....but silver, this time it's different

Is it different this time?