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TGR - Tassal Group

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I had a dream about this company last night. It was sitting atop a huge hill, about to descend.

Disclosure: no position, short or long.
 
Gringotts Bank said:
I had a dream about this company last night. It was sitting atop a huge hill, about to descend.

Disclosure: no position, short or long.
Click to expand...

It must be a re-run dream, cause TGR is already sitting in the bottom of the valley ( from a value perspective)
 
Yeh could be. I don't dream about stocks often. Or maybe i do and just don't remember them. As I say, I have no position, nor am I likely to have one at any stage. Just wanted to log my dream here in case something happens and I turn out to be an amazing prophet! :
 
Pretty solid result from Tassal for the last financel year.

Profits were well up from last year.

To be honest I was not expecting such a good result, I thought the high australian dollar would have had a larger impact by allowing a flood of cheap imports to saturate the market. But the did well, I am happy to hold.
 
Does anyone one else find any concern in the lack of cash on the balance sheet?
Could this have anything to do with the dividend reduction?

Thanks,
Chris
 
Tassal

Hello all,

does anybody follow the Company Tassal?

I am from Europe and interested very much in the Salmon Industry which comes mainly from Norway.

By chance I stumbled on Tassal and would like to know more, especially why the price has come down so much...

This is my first posting here, so apologies if I do not know the customs...
 
Is there still anyone here?

I would like to get an idea WHY the price has come down so much.

IMHO Tassal has during the current slump held up much better operatively than most if not all other salmon producers worldwide...
 
Re: Tassal


I know nothing of Tassal, but I can supply you with a link to their latest strategy session. Sorry I can't be of more help.
http://www.asx.com.au/asxpdf/20120718/pdf/427ggr9kcw7874.pdf
 
Re: Tassal


Hi , Go to www.abc.net.au/news/ then go to the search box and type in tassal , you will get all the latest news about the Company about it's latest reports and the Company Directors quitting in April 2012.
They are a Tasmanian Company and have a huge local following , magnificent products and seem to export allot of various products to the Mainland for sale. The Tasmanian State economy is not in great shape and this affecting many Tasmanian businesses not only Tassal. Hope this helps.
 
Re: Tassal


Thx a lot, this helps.

Might seem that the Pacific Andes Move was not received well at the ASX.

Actually that's how I stumbled upon Tassal.

For me that would not be a negative.

Almost every other company I know had a very bad 2011: Marine Harvest, Grieg, Salmar, Leroy, Austevoll, Morpol, Cermaq,...
 
FY figures came out last week; I am satisfied so far.

Had bought a small first position before.
 
http://www.bloomberg.com/news/2013-06-19/world-fish-prices-climb-to-record-on-demand-for-salmon-and-tuna.html

TGR’s business is structured to be profitable on just domestic consumption and can basically take or leave the export market depending on price, all the same Record fish prices and a falling dollar is not a bad sort of tail wind.

One potential problem with a lower dollar is it will make it easier for Pacific Andes to clean them up – they already have a stated creep policy in place.
 
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