The Fishing Expedition Bid that Tassal Rejected
The board of Tasmanian-based salmon farming company Tassal Group has rejected a bid worth $1 billion because they think the offer is not in the best interests of shareholders.
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TGR – Credit Suisse rates the stock as Outperform
Outperform retained. Target rises to $4.00 from $3.90.
Read MoreNo Shortage Of Excellent Environmental Share Price Performances
Many environmental stocks have shown outstanding share price performance since listing. Here are seven examples that prove that good stock selection among environmental stocks can lead to excellent share price performance and capital gains.
Read MoreEarnings Shorts: Monadelphous, Tassal, Beacon Lighting, Asaleo Care
Monadelphous has slashed its dividend, now it’s the raw prawn for salmon farmer Tassal, weak housing has weighed on Beacon Lighting while Asaleo Care has revealed a small return to profit.
Read MoreFishing For Bargains In The Small Cap Sea
For a sector that has heaped heartbreak on investors over the years, ASX-listed seafood exposures now present an ocean of choice to investors. Most of the expanding school of piscatorial plays are export-oriented – or aspire to be – and leverage Australia’s image of having pristine waters.
Read MoreTassal To Boost Australian Prawn Farming
Tassal has become one of Australia’s largest prawn farmers and aims to lead the growth in Australia’s prawn aquaculture industry following its acquisition of the Fortune Group.
Read MoreTassal 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.
Read MoreTassal Raised $67.2 Million
Tasmanian salmon farmer, Tassal Group (TGR) said on Wednesday it has successfully completed a $67.2 million equity raising.
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