Yes pie commenting on the potential in the US market and a possible deal into China looking likely in the near future. I also believe their words were "excellent" value for what it's worth
I'm comfortable with my $6.35 valuation (high growth case)
So at $4. 25 still undervalued by a longway
The market will wake up one day
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I'm comfortable with my $6.35 valuation (high growth case)
So at $4. 25 still undervalued by a longway
The market will wake up one day
W69, a note of caution here - high PE high growth stock cannot afford to disappoint as the market reaction will be savage.
I think TIL is ok as the directors and management are sufficiently savvy with the ways of the market and know the adage of PR 'underpromise and overdeliver'.
Nevertheless, the beauty care market can be fickle so let's be careful out there.
Plenty of buyer interest staying off the buy/sell spread as can be noted throughout the day when opportunistic bids are put on market briefly and then pulled when no takers bite. As the clsa report noted the other major brands in the world trade at an average of 28x PE with TIL at this valuation based on the most recent results you have to question how the earnings will grow against the market expectation. The main risk as noted in the report was rose hip oil supply which they have mitigated through the recent aquisition.
"After running up close to 30%, Trilogy pulled back on the result. With high earnings growth, industry tailwinds from the to natural skincare, and large global markets, we believe that Trilogy represents excellent value at current levels"
Time is a great teacher, but unfortunately it kills all its pupils
In fairness was sold down on minimal volume but good to see the strong showing ex 5.4c divi. Back to a decent 10c buy sell spread so volatility will continue for the near future. With the majority of the income coming from NZ and costs presumably in USD one has to think the recent strength of the dollar cant be a bad thing either.
Time is a great teacher, but unfortunately it kills all its pupils
Originally Posted by muss1
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