-
Footsie ... not that inspiring 1/2 year result or commentary was it
I see the share price hanging around this mark for some time now until performance sort of catches up with it ... just got ahead of itself
I take it Phaedrus is still on holiday so he won't be updating that chart ... but I have a feeling he wouldn't be holding at the mo
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
YEah winner it was a little uninspiring wasn't it.
I still believe the real value in the stock lies with a the properties they hold....
in the current commercial property market it would be easy to sell the whole lot, and i do note they've flicked one off for 12m
$200m in property assets, which is more than the current m/cap
GPG are in for the long haul and my take is they will strip this down so its lean and mean, maybe even flog of one or two of the businesses. aka twr.
to be honest i was only expectin 15-20% growth and they should be able to deliver that in the full year. their first half is always the weakest.
“If you're worried about falling off the bike, you’d never get on.”
-
“If you're worried about falling off the bike, you’d never get on.”
-
Metro moves the market again ... should have been more patient mate
Hell, T&G don't know why according to this story .... they should monitor sharetrader
Share price spike puzzles Turners & Growers
Tuesday January 23, 2007
By Stephen Ward
Fresh produce company Turners & Growers is mystified by a spike in its share price which has followed a jump in buying last week.
NZX data showed more than 222,000 shares changed hands on a single day last week at below $2.50.
That was the highest daily turnover by far since early last month.
The price climbed as high as 25c to $2.75 yesterday before ending the day up 20c at $2.70. But volume was low at 27,000 shares.
The $2.75 price compared with a high of $2.80 and a low of $2 in the past year, while net tangible assets were at $2.73, NZX data showed.
Turners & Growers chief financial officer Paul Alston said yesterday the company - about 60 per cent owned by GPG - was not sure of the reason for the price spike or who was responsible for last week's buying.
"We haven't heard anything."
Brokers contacted yesterday were also puzzled.
Alston suspected the spike might be because the stock was not very liquid.
In its most recent half-year report, Turners & Growers recorded a 22 per cent lift in unaudited pre-tax profit to $7.2 million for the six months to June last year.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
Member
Its becoming quite a habit!! I'm enjoying it! All my stocks doing quite well at the moment. 
quote: Originally posted by winner69
Metro moves the market again ...
-
Metro
If only this were true ha! You could have some real fun
BTW how big is your portfolio in $ terms?
What else is in your portfolio?
I have a few other names that i think may move in the next 3 months.....
but i'll wait till you are ready to pounce !!
“If you're worried about falling off the bike, you’d never get on.”
-
Member
Footsie:
FBU (long term hold), RNS, CHA, KID and now TUR, the last four through my family trust (short term holdiings).
Looking at FIN but other than that....I would love some fresh ideas to research and get my teeth into.
-
Metro
I realised today i have 22 stocks in my p/f and no cash
This is getting out of hand...... i'm now Deworsified!!
Its hard to think of any to sell though, i like them all !!
the worst performing is a small olive oil coy on the asx. RLA they are destined for big things. bought at 33c now 25c. I phoned the ceo to check their performance was on track recently and bought more today
at 25c this stock could easily be $1 in 2 years. Its in a downtrend currently and picking the bottom is imposssible. But my small cap experience with CHA and KID tells me to be patient.
My favourite NZX pick is still ABA, i think it has the potential to trade on a p.e of 25 like RYM. Implying in 12 months it could be $4 +
I also think DGL is a takeover target............. and will probably go this year or next
Finally TUR is worth a lot more than 2.60 IMHO, i note Aspiring Asset hold them too.
“If you're worried about falling off the bike, you’d never get on.”
-
Interesting that the share price just happens to move a week after the execs get 1 million options exercised at $2.75 as part of their incentive plan
Suddenly their rewards for doing well just got easier to achieve
Never mind ... they are now 'incentivised' to get the share price up now ..... maybe sell that property off now eh footsie
Just a cynical observation on a Thursday morning
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
27-02-2007, 09:11 PM
#100
nice result out today
market liked it too.... $17m NPAT
they must have had a big 2nd half
Bonus issue too.... 
Which will be good if the price holds
oh and 14c div ....
Toot toot.......
Been a 10 month wait for me..... but looks like it was worth it
oh and property revals up too..
Still with me on this one Metro?
“If you're worried about falling off the bike, you’d never get on.”
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
Bookmarks