I guess our dollar going down increases the feed costs. And if that's perceived as being permenant.
Should have followed Percy out the door.
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I guess our dollar going down increases the feed costs. And if that's perceived as being permenant.
Should have followed Percy out the door.
"....challenging market, driven by reduced industry export volumes translating to domestic oversupply"
Doesn't relate well to the export growth story from the prospectus....
Tegels radio silence hasn't been a good sign and this is heading further down. If I was into shorting this would be one.
Very disappointing to see myself sucked into the IPO based on the initial forcasts!
https://www.nbr.co.nz/article/ingham...sting-b-199518
I never saw this stock flying from the get go.
I thought Tegel in their IPO documents said that prices were about to improve?
Private Equity at it again with their ambitious assumptions to try 'get it away'
Now trading at an all time low of $1.26 and probably headed lower...investors were sold a pup. Free lesson, (for those watching from the sidelines like me) and expensive lesson for anyone who subscribed to the IPO and is still holding, if Private equity are selling DO NOT BUY. Go swimming with sharks and guess what, you're more than likely to be their lunch !