So the IPO forecast F17 NPAT of $43m is going to be something like $33m to $41m
At least, as they proudly repeated mant times, revenues are growing strongly and will be ahead of forecast
33m to 41m is a quite a large range. Still no mention in their report about their deal to export into AU?
Only positive I can see is Tegel has a dominate place in the NZ market. I think a long hold approach will pay an OK return. The dividend is also OK and they seem to be confident in growth opportunities. I dont think there's any point selling if you bought in at the IPO.
So the IPO forecast F17 NPAT of $43m is going to be something like $33m to $41m
At least, as they proudly repeated mant times, revenues are growing strongly and will be ahead of forecast
Help me out here please mate. They just reported only $15.1m for the half so doesn't that suggest they're headed toward right at the bottom of that range ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Help me out here please mate. They just reported only $15.1m for the half so doesn't that suggest they're headed toward right at the bottom of that range ?
One slide was headed "Stronger H2'17"
Last edited by winner69; 15-12-2016 at 12:49 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by percy
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Pessimistic may have been realistic
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