Q1 24 trading update

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  • #5306
    Nick Hargrave
    Keymaster

    https://www.londonstockexchange.com/news-article/TGR/q1-fy24-update/16073750

    Update this morning ahead of the share suspension being lifted now the annual report has been filed after a small process delay with auditor sign off. While the company is behind its ramp up expectations it has confirmed it now expects to reach its production targets for the current capacity in the coming months and that it is managing cash like the owners of the business that management are i.e. they are avoiding doing a dilutive equity raise at the current depressed market valuation. We wish this level of tenacity and care for shareholder value, driven by alignment with shareholders, was evident across all holdings. We will now see if the market gives them credit for that or punishes the share price for the minor accounts delay, in which case we may look to add to our model portfolio position

    • This topic was modified 6 months, 2 weeks ago by Nick Hargrave.
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