Tegel IPO

[percy]

another downgrade is not coming... No news is actually good news - the market is just erratic and speculative.

Will wait for it to plateau a little, then i will accumulate a large portion before the results land on 27th of june.

Be sure to hold me to account come the results in june...

"we will remember."

[Lola]

"we will remember."

Wife bought large pre cooked chook yesterday
Easily
Fed four of us over two days
Curiosity led me to check the brand which was Waitoa An Ingram number
DYOR

[JoeGrogan]

Another downgrade is not coming... no news is actually good news - the market is just erratic and speculative.

Will wait for it to plateau a little, then I will accumulate a large portion before the results land on 27th of June.

BE SURE TO HOLD ME TO ACCOUNT COME THE RESULTS IN JUNE...

Not a bad call, definitely value at the current sp if npat guidance is achieved. Perhaps market sentiment will change on result day if TGH can show that they can hit their forecasts.

Edit: has there been a downgrade from the half year guidance? I can't seem to find anything

[couta1]

Another downgrade is not coming... no news is actually good news - the market is just erratic and speculative.

Will wait for it to plateau a little, then I will accumulate a large portion before the results land on 27th of June.

BE SURE TO HOLD ME TO ACCOUNT COME THE RESULTS IN JUNE...

Well your not alone as others such as Commonwealth bank of Australia added 4 million shares to their holding not long ago, so they obviously see value. Might get all clucky yet and join you, haven't bet on a horse for yonks, so why not try a chicken instead.

[JeremyALD]

Well your not alone as others such as Commonwealth bank of Australia added 4 million shares to their holding not long ago, so they obviously see value. Might get all clucky yet and join you, haven't bet on a horse for yonks, so why not try a chicken instead.

I'm thinking of going in around $1. I imagine the next dividend will be about 4 cents so a pretty good dividend yield. In saying that I have absolutely no confidence in the Tegel leadership team so I'll probably stay away. Interestingly Inghams seems to be doing OK since the IPO launch.

[hardt]

Not a bad call, definitely value at the current sp if npat guidance is achieved. Perhaps market sentiment will change on result day if TGH can show that they can hit their forecasts.

Edit: has there been a downgrade from the half year guidance? I can't seem to find anything

Hi Joe

The December interim and the following forecasts for FY2016 fell short of the high expectations set out in the IPO.

The market holds a grudge, will take some time for the company to be back in favour for the retail investor - 48 days to go

[Joshuatree]

Was hoping Rod Oram on National radio today could shed some light on why the chairman left; when he discussed Tegel but he hadn't heard anything ; nada.

[Balance]

Well your not alone as others such as Commonwealth bank of Australia added 4 million shares to their holding not long ago, so they obviously see value. Might get all clucky yet and join you, haven't bet on a horse for yonks, so why not try a chicken instead.

CBA has been buying since IPO last year and steadily added on to its stake, even as the sp has been going down and down. But for their buying, sp will definitely be less than $1.00. So they better hope they are right as they have been wrong so far.

Meanwhile, can recall CEO of IQE suddenly resigning and likewise, Bryan Mogridge at PGC to name 2. No reasons given and the sp of both companies tell the story.

Then, there's Jenny Shipley of Mainzeal who resigned just before the company collapsed.

Cannot be a good thing for any company to have the Chairman suddenly resign without giving a reason.

[kiwidollabill]

To add to the gossip....

The previous CEO left rather quickly after having a disagreement in regards to 'direction' with the PE owners....

[hardt]

It looks we have found support.

Will definitely have another substantial shareholder announcement next week...