Maybe closer to 50% should you include a dividend.
Printable View
I won't get offended but no need to shout (caps)
Prices often get close to where I reckon ..... Can't win them all eh
Vested interest - maybe too excited sometimes, probably from knowing and being swayed by too many guru analysts
At least I am not too outrageous this time around - First NZ Capital and percy seem to be more bullish ....maybe caution is needed
One of the metrics I like about Tegal is the consistent low wage and salaries cost when expressed as a percentage of revenue.
2016 23% and only varied one or two % over the last 5 years except for 2012 28%
OK, just misunderstood
Claris / Affinity must be getting a bit worried - long it stays under IPO price not a good look
From an old article "The private equity firm will be allowed to sell up to 50 percent of its remaining stake before then if Tegel's shares spend 10 straight trading days at least 20 percent higher than the offer price, once the first-half results are posted."
Whatever that means but they will be desperate to get the share price up to $1.86 by hook or my crook. Plenty of good news story coming up I reckon
Given the sudden drop and fall from grace it's started to hold up pretty well so I think it will start to creep up again. The Shareholders meeting next week should answer a lot of questions and I could see it regaining some steam then. In saying that I can't see this going much past $1.60 until the Inghams float is over.
From the IPO docs
Claris, the senior managers, and the directors who purchase Shares under the Offer are subject to escrow arrangements with Tegel under which they have agreed not to sell, transfer or otherwise dispose of their existing Shares (and any Shares issued to Claris or the senior managers under the subscription agreements referred to in Section 2.13.3) until at least the first day after the date on which Tegel releases to NZX its preliminary announcement of its financial results in respect of the financial year ended 30 April 2017.Claris is able to dispose of up to 50% of its Shares prior to this date if the volume weighted average price of Shares on any 10 consecutive NZX trading days following the date on which Tegel announces its results for the half year ending 23 October 2016 is at least 20% higher than the Final Price.