Shares going lower ..... the news from Europe is likely much worse than forecast imo.
A punt at $1.50 ??
Misc
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Shares going lower ..... the news from Europe is likely much worse than forecast imo.
A punt at $1.50 ??
Misc
it will break the $2 barrier without bad news
reentry point maybe half of that when the bad news at agm also includes a skipped divi.
Yikes .... who were the 'lucky' guys that bought GPG's shares at $2.75 a few months ago ?
Might be a few 'interesting' questions put to the GPG Directors at the AGM !
Misc
Looks like GPG just got out in time. Poor mums and dads got their bottoms burnt again.
I'm surprised that the shareprice has held up above $2 for this long since the profit warning...
I reckon the NTA for this company is well north of the current SP, I calculate at least $2.63.
They are talking about profit for the year.
Hummmm...
How do you arrive at $2.63 nta Tiger ??
With world apple markets in complete meltdown , and no obvious end to the pain in sight for along time (ever?), who would be the logical (or any) buyer for most of TNG's assets ?
The Chinese have massacred international produce markets ... and they aint finished yet!
The only 'glimmer' of hope for the NZ apple industry is the possibility of getting access to Aust and Japan in the next few years.
Misc
usual way, tangible assets - liabilites divided by number of shares, info from the 2004 FY.
Who are they? The same guys that sold down their holdings? ummmm... indeed.Quote:
quote:Originally posted by Paper Tiger
They are talking about profit for the year.
Hummmm...
A falling knife.
Anyone have research info on this company?
"usual way, tangible assets - liabilites divided by number of shares, info from the 2004 FY"
Brilliant , Tiger.
Try spreading the bloated overhead over 5.5m cartons of apples (vs 7.5m 2004) and average commission of 50c per carton (vs $1 2004), and add on clawbacks (read bad debts) of perhaps $10m , and any new 'grower assistance' (read more bad debts coming)...... then revalue the apple assets at 30% less than last year and finally writeoff at least $2m committed to the planned new packhouse in HB.
Do you still get $2.63?
Oh , forgot , I expect ENZA Foods is currently unprofitable also , thats likely the reason for not spinning it off (again China killing that biz).
Misc