It is worth revisiting this one? Eps for the 6 months were announced quietly after hours on thursday night.
Eps = 14c. With a share price at 1.65, we could be in for a massive re-rating once the full year results come in.
Cashflows are terrible, but looking at last years reports, they make up for it in the second half.
Liquidity is poor.
The results included some gains on sale of property.
Any thoughts?
Disc: am holding tur.nz
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.
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.
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.
Bookmarks