While Australia goes into a resource based recession, New Zealand could go into a soft commodity boom because of the free trade agreement with China. Potentially on my watch list.
"Liquidity is poor." - thats an understatement!!
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Just noticed a few SSH notices for TGG and as they mention Tiger Ventures NZ I thought I had better check whether I had been sleep selling again.
But it is definitely not me.
So something else agricultural that now has a significant Chinese shareholder.
Best Wishes
Paper Tiger
Still struggling to grow profits
Suppose chart tells the story
http://nzx-prod-s7fsd7f98s.s3-websit...609/292711.pdf
Not a lot of interest on this one here, but a nice result from TGG today. Revenues, profit and net assets all up nicely and a great result from the Apple division thanks to chartering a ship for their European apples to sidestep the covid disruption. Even after the 10% bounce in share price today, this trades at a 14% discount to net tangible assets.
https://www.nzx.com/announcements/357513
Pretty impressive recovery from last half (although lumpy by nature i guess)there mfd to my shallow graze.S/P up re 7% atp. A good sector to be exposed to and there ain't many on the NZX.
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A 6 cent interim dividend declared toay, a sign of confidence ahead of the NZ apple harvest?
(I have a small holding in TGG.)
Anyone else see that NZX have this recorded as 600.00 cps & Imputation Crs similarly overstated
on the NZX Dividends List ? ;)
https://www.nzx.com/markets/NZSX/dividends
TGG 03 Dec 2020 Interim 600.000c 0.000c 233.333c 11 Dec 2020 NZD
The Thread Title here probably needs fixing for corrected new TGG NZX Ticker too ..