TPG

TPM hits $7.59 today and goes ex-dividend on November 18.

Very happy to have ignored the advice of some, with spectacular growth in this company in recent weeks.

Is it time to take profits?

A: TPG (ASX Code TPM) went ex-dividend on 10 October – the dividend of 4.75c gets paid tomorrow 18 November.


Certainly, the stock has had a fantastic run. According to FN Arena, the brokers have it trading on a 2015 multiple of 28.0 times, consensus target price of $6.70 is approximately 12% below the current market price.


I guess on these numbers, some profit taking may be prudent.



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