Tassal Group Limited

( ASX:TGR ) - Food- Beverage & Tobacco


Tassal Fishes For Fresh Capital

Salmon farmer Tassal (TGR) is looking to raise up to $100 million to expand its Tasmanian operations as it moves away from a strong retail bias towards developing a bigger presence in the more profitable wholesale markets (food service businesses). The fund raising comes after the company has self-financed a $135 million spending spree on acquisitions and new facilities since 2015.

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What We Do & Don’t Like About Tassal

Atlantic Salmon producer, Tassal Group (ASX: TGR) has caught our eye recently. Although the business does not have a great economic track record, it appears that performance has been steadily progressing, following a period of substantial capital investment and management focus, and the half year result just released shows a continuing improvement trend.

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Analyst Views