TBS

[JulzM]

Tiger Brands has experienced a steep drop past few days,any thoughts?Would R300 be a good entry point?

[JulzM]

Analyst media consensus has a buy recommendation..

[delta]

Tiger Brands made a huge blunder with Dangote and the share is taking punishment because of that and there is the obvious devaluation of the Naira. I would thing R300 is a good entry point.

[delta]

Tiger Brands made a huge blunder with Dangote and the share is taking punishment because of that and there is the obvious devaluation of the Naira. I would thing R300 is a good entry point.

[JulzM]

Was thinking the same thing,tiger has dropped below R307 support level!Doubt it will drop much further below R300!Thanks for the feedback

[partridge]

Its growth in share price over the last three or so years has exceeded inflation point to point by about 3 % pa. Rubbish value. I just don't see margins re- emerging in this business.. at 280 I thought it was expensive. They were sold a pup by the Nigerians. Why are we not surprised- after all 10% of their oil production is stolen at source(ref Economist )

[kwagga]

Agreed. Dangote flour mills were a dud. They have almost written off all of that investment. Poor management decision to venture in Nigeria. This would drop to 280 in a blink of an eye. I wouldn't buy this at these levels.

[AJ_]

why did it take this long for the price to drop? My alarm bells started ringing as soon as first sens report on Dangote some months back. what surprised me was the share price picking up since that date and it only in the past 90 days that the price began to fall.