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!!