TUR - Turners & Growers

[Dej]

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.

"Liquidity is poor." - thats an understatement!!

[Snow Leopard]

Just noticed a few SSH notices for TGG and as they mention Tiger Ventures NZ I thought I had better check whether I had been sleep selling again.

But it is definitely not me.

So something else agricultural that now has a significant Chinese shareholder.

Best Wishes
Paper Tiger

[winner69]

Still struggling to grow profits

Suppose chart tells the story

http://nzx-prod-s7fsd7f98s.s3-websit...609/292711.pdf

[kiora]

Still struggling to grow profits

Suppose chart tells the story

http://nzx-prod-s7fsd7f98s.s3-websit...609/292711.pdf

Hmmm cyclical agricultural stock.How soon before this disappears to overseas ownership as well?

[mfd]

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.

https://www.nzx.com/announcements/357513

[Joshuatree]

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.

[iceman]

Deleted deleted

[SCOTTY]

Interesting reading https://businessdesk.co.nz/article/r...te-night-texts

Hi iceman
I think this article should be on the TRA site
Cheers

[turnip]

A 6 cent interim dividend declared toay, a sign of confidence ahead of the NZ apple harvest?

(I have a small holding in TGG.)

[nztx]

A 6 cent interim dividend declared toay, a sign of confidence ahead of the NZ apple harvest?

(I have a small holding in TGG.)

Anyone else see that NZX have this recorded as 600.00 cps & Imputation Crs similarly overstated
on the NZX Dividends List ?

https://www.nzx.com/markets/NZSX/dividends

TGG 03 Dec 2020 Interim 600.000c 0.000c 233.333c 11 Dec 2020 NZD

The Thread Title here probably needs fixing for corrected new TGG NZX Ticker too ..